Europe ends slightly higher as earnings season kicks off

Friday, 13. April 2018 17:37

Markets in Europe closed slightly higher on Friday as investors digested banks earnings from the United States and eyed the latest developments regarding the Syria crisis. Earlier, JPMorgan Chase, Wells Fargo and Citigroup all reported positive results for the first quarter of 2018. Meanwhile, fears of a potential US attack on Syria somewhat eased after the country's Ambassador to the United Nations Nikki Haley noted Washington shouldn't be in a rush to launch a military intervention and added President Donald Trump wants to have "all the information" on the alleged gas attack in Douma before making a decision. On the other hand, Russia accused the West of staging the attack in order to have an excuse to attack Syria.

The DAX rose 0.22%. Vonovia and BMW led the gains as they jumped 1.91% and 1.56%, respectively. The FTSE 100 added 0.09% and the CAC 40 was up 0.11%.

The euro was down 0.04% against the dollar to go for 1.2322 at 5:39 pm CET, while the pound increased 0.13% compared to the US currency to go for 1.4248 at 5:40 pm CET.

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Breaking the News / NP