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European markets start higher notwithstanding fresh Brexit deadlock
On Tuesday, European markets started higher notwithstanding news that Brexit talks had stalled once again.
The EURO STOXX 50 rallied 0.24%, Germany’s DAX 30 tacked on 0.20% and France’s CAC 40 gained 0.11%.
Traders seemed to have neglected news that on Monday the European Union and Great Britain didn’t manage to agree upon the terms for Brexit.
However, as European Commission President Jean-Claude Juncker told, it didn't mean that negotiations were failing.
Financial stocks generally gained. French lenders Societe Generale as well as BNP Paribas soared 0.77% and 0.28% respectively. In Germany, Commerzbank and Deutsche Bank dived respectively 0.08% and 0.09%.
In Italy, Intesa Sanpaolo as well as Unicredit tacked on respectively 0.36% and 0.240%, while Spanish financial institutions BBVA and Banco Santander leapt 0.22% and 0.07% respectively.
FTSE 100 acquired 0.45% in London, underpinned by WM Morrison Supermarkets PLC.
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