Europe closes in green amid earnings

Friday, 01. November 2019 17:30

Equities on major European stock markets closed moderately higher on Friday with the corporate earnings remaining the investor focus. Chevron Corp. reported its net income fell 35% on an annual basis due to lower oil prices. Meanwhile, United States National Economic Council head Larry Kudlow claimed the Trump administration would like to make a trade deal with the United Kingdom following Brexit but was worried about the European Union's regulation.

On the data front, IHS Markit announced the UK's manufacturing activity continued to shrink, albeit at the smallest rate in six months.

The FTSE 100 in London gained 0.75% at the end of the trading session, propped up by the mining sector. The DAX rose 0.73% at the same time, as Covestro AG grew 4.62%. The CAC 40 increased 0.57%, with ArcelorMittal SA jumping 6.08%.

The euro was up 0.12% against the dollar to go for 1.11652 at 5:29 pm ET, while the pound remained flat at $1.29377 concurrently.

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Breaking the News / MD