European stocks surge, Deutsche Bank jumps 5.5%

Thursday, 02. January 2020 11:38

European stocks surged on Thursday after opening mixed earlier in the day as trade optimism increased after United States President Donald Trump said he would be signing the phase-one trade deal with China on January 15.

After starting in the red, DAX increased 0.88% at 11:29 am CET. Deutsche Bank jumped 5.61% at the same time as reports emerged it is planning to issue a new Mastercard in Spain that will feature a dynamic CVC code.

France's CAC 40 gained 1.28% at 11:17 am CET, led by Airbus which rose over 3% on strong results.

Meanwhile, London's FTSE 100 was up 1%at 11:32 am CET as investors await the United Kingdom's scheduled departure from the European Union which is due at the end of the month. Hargreaves Lansdown was the best performing stock in the index as it gained 3.35% at 11:19 am CET.

Related Links: Deutsche Bank AG
Author:
Breaking the News / VP