Europe opens higher as Trump arrives in Beijing

Wednesday, 08. November 2017 09:05

European stocks started off in the green on Wednesday as US President Donald Trump arrived in Beijing for a three-day state visit. Trump called on China to improve cooperation in tackling the crisis on the Korean peninsula and deny any support to the Kim regime. Meanwhile, investors continue to monitor earnings, focusing on E.ON, Unicredit and other companies.

The DAX opened 0.18% higher with HeidelbergCement rising 3.67% on better-than-expected third quarter earnings. The CAC 40 gained 0.21% at the start of the session led by gains in car stocks. The FTSE 100 added 0.09% at the opening bell, with retailer Marks and Spencer Group advancing 3.15% following its third quarter results. The euro was up 0.14% against the dollar at 9:19 am CET, going for $1.16061, while the pound declined 0.18% versus the greenback at the same time, buying $1.31437.

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Author:
Breaking the News / JC