European stocks climb further after markets open

Thursday, 08. August 2019 09:24

European stock markets continued to trade with gains early on Thursday, slowing down compared to the premarket session as the earnings season continued. The stock market selloff was halted despite Chinese yuan stabilizing above the seven-for-dollar mark. Negotiators from Washington and Beijing are expected to meet for the next round of trade talks in September.

The FTSE 100 was 0.3% in the green at 9:10 am CET, while the DAX increased by 0.69% a minute later. Merck KGAA and Thyssenkrupp AG led the gains after earnings, rising 2.90% and 2.38%, respectively. The CAC 40 was up 1.72% a minute after the opening bell, pushed higher by TechnipFMC plc's 3.08% at the same time.

The euro added 0.14% compared to the dollar, changing hands for 1.1214 at 9:15 am CET, while the British pound advanced 0.28% against the greenback, to go for 1.2177.

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Author:
Breaking the News / MA