European stocks rise at open on trade hopes

Tuesday, 24. September 2019 09:05

Banks and fossil fuel companies led the way on Tuesday in a small advance but a broad one on main stock exchanges in Europe, while utilities lagged. The brightening of sentiment was spilled over from the Asian markets after the United States said the date for the next round of trade and economic negotiations with China was pushed forward.

The FTSE 100 kicked off the session 0.19% in the green with NMC Health at the top of the chart, gaining 1.22%. The DAX was up 0.2% in Frankfurt led by Covestro's jump of 1.47%. The CAC 40 gained 0.31%. ArcelorMittal was the best stock, rallying 1.15%. BNP Paribas followed with a rise of 1.11%.

The euro was flat at $1.0993 at 9:04 am CET and retreated 0.11% to £0.88344. The pound grew 0.09% to $1.24431. Gold slipped 0.1% to $1,520.7 per ounce and silver lost 0.61% to $18.53 for one troy ounce.

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