Europe opens mostly higher amid Brexit talks

Tuesday, 05. December 2017 09:06

European stock markets opened mostly in the positive territory on Tuesday as investors digested the latest developments related to Brexit talks and awaited fresh economic data. European Council President Donald Tusk said yesterday that it is still possible the European Union and the United Kingdom will reach an agreement on Brexit despite UK Prime Minister Theresa May and European Commission President Jean-Claude Juncker failing to complete the deal earlier today.

German DAX rose 0.07% at 9:10 am CET with Vonovia increasing 0.54%. Continental and Lufthansa followed with gains of 0.53% and 0.51%, respectively. In London, the FTSE 100 advanced 0.3% at 9:12 am CET as Tesco jumped 3.36%.

The euro traded flat against the dollar, buying 1.186 at 9:21 am CET. At the same time, the pound fell 0.38% against the greenback and changed hands for 1.3415.

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