European shares end higher as trade worries subside

Friday, 16. August 2019 17:41

European shares ended the last trading day of the week in the green as trade tensions were slightly suppressed after United States President Donald Trump said his country still plans on holding trade negotiations with China in September. Meanwhile, data from the European Union showed that the Eurozone trade surplus decreased to €20.6B in June.

The DAX ended the day 1.31% higher. Deutsche Bank led the index as it increased 4.71%.

The CAC 40 gained 1.22%.

The FTSE 100, which started over an hour after markets across Europe opened due to a technical glitch at the London Stock Exchange, finished Friday's trade 0.71% higher as Itv plc rose 5:23 pm CET.

The euro was 0.11% in the red compared to the dollar, going for 1.10950 at 3:35 pm CET. Meanwhile, the pound jumped 0.50% to 1.21459 against the greenback at 5:35 pm CET.

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Author:
Breaking the News / VP