European stocks rise in premarket trading

Tuesday, 12. November 2019 07:47

European stocks rose in premarket trading on Tuesday as investors focused on the political developments in the United Kingdom ahead of next month's general election and awaited economic data.

Expectations that the Conservatives will manage to secure a majority rose after Nigel Farage announced his Brexit Party will not contest seats won by Tories in the previous election and will focus on taking seats away from Labour. UK Prime Minister Boris Johnson commended Farage and claimed only his party's majority "can get Brexit done" in an orderly way. Market watchers also awaited employment data from the UK and kept an eye on the latest developments in the trade relations between the United States and China, as well as the protests in Hong Kong.

The FTSE 100 gained 0.34% at 7:43 am CET, the DAX climbed 0.50% at 7:44 am CET and the CAC 40 added 0.41% at 7:40 am CET. The euro was flat against the dollar, going for 1.10353 at 7:46 am CET and the pound was up 0.08% compared to the US currency to sell for 1.28644 at 7:47 am CET.

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Breaking the News / NP