European markets open higher as Davos ends

Friday, 24. January 2020 09:03

Stocks on major European indices started the last trading session of the week higher as the 50th World Economic Forum in Davos is drawing to a close. The United Kingdom's Withdrawal Agreement was signed by the heads of the European Commission and the European Council today and is now only missing the approval of the European Parliament. President of the European Central Bank Christine Lagarde denied the monetary policy was on autopilot, asserting it was instead driven by data.

The FTSE 100 in London opened 0.78% higher, as Evraz plc grew 2.41%. The DAX was up 0.93%, with MTU Aero Engines AG rising 1.88%. The CAC 40 gained 0.80%, as Carrefour S.A. rose 3.59%.

The euro and the pound were both flat against the dollar at 9:00 am CET, changing hands for $1.10538 and $1.31258 respectively.

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