Europe closes higher on trade optimism

Friday, 15. November 2019 17:30

European stocks finished the last trading session of the week in the green on the news that a trade deal between the United States may be close to signing. Meanwhile, Eurostat published data reports on inflation and trade balance. In business news, Volkswagen AG announced a new investment plan for the development of electric cars and digitalization. Apple criticized the German government for a new law requiring electronic payment operators to enable paid access to their rivals. Lastly, F. Hoffmann-La Roche AG reached an agreement to acquire American biotech company Promedior Inc. for $1.39 billion.

In London, the FTSE 100 grew 0.14%, with Whitbead plc jumping 4.85%. The DAX increased 0.47%. HeidelbergCement AG was the best performer on the index, rising 2.73%. The CAC 40 was up 0.65% as ArcelorMittal SA advanced 2.46%.

The euro and the pound both traded higher against the dollar, gaining 0.24% and 0.15% to sell for $1.10472 and $1.28990 respectively.

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Breaking the News / MD