Europe starts higher despite UK-Russia diplomatic rift

Thursday, 15. March 2018 09:07

European stock markets started the Thursday trading session higher despite the ongoing diplomatic row between the United Kingdom and Russia taking a turn for the worse yesterday, as London accused Moscow of attempting to murder the former spy Sergey Skripal. In response to Kremlin's alleged involvement in the attack, the UK government expelled 23 Russian diplomats, the largest expulsion since the Cold War. Meanwhile, Unilever announced earlier it will leave London and relocate its legal basis to the Netherlands.

The FTSE 100 started the session with modest gains, adding 0.08% with Tesco the best performer. The DAX was up 0.38% at the opening bell, led by Muench Rueckvers. Meanwhile, the main French index CAC 40 added 0.39% to begin the trading day in the green, with Airbus leading the way.

The euro was little changed against the dollar, selling for 1.2365 at 9:06 am CET, while the pound gained 0.10% versus the greenback to go for 1.3974 at the same time.

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Breaking the News / FH