Europe up in premarket after Johnson's victory

Friday, 13. December 2019 07:41

Shares in major European markets traded with gains on Friday, with Germany's DAX surging over 1%, after it was confirmed that Boris Johnson's Conservatives won a majority in Parliament, set to hold at least 358 seats. The Labour Party will have at least 202 MPs, according to the latest declared results.

The DAX spiked 1.57% in premarket trade and the CAC 40 surged 1.40%. The FTSE 100 increased 0.39% before the bell.

The euro was up 0.32% against the dollar at 7:39 am CET, buying $1.11677, while the British pound still traded at levels unseen since May 2018, gaining 2.28% at 7:40 am CET, going for $1.34704.

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