Europe settles higher after UK stress results

Tuesday, 28. November 2017 17:36

European stock markets ended trade above the flatline on Tuesday following United Kingdom stress test results which revealed that no banks need to raise extra capital. Investors are closely watching Federal Reserve chair nominee Jerome Powell, who is being questioned at Capitol Hill. 

The DAX rose 0.46% as Linde jumped 2.34% as the German industrial gas company stated last week that 90% of its outstanding shares have been tendered by shareholders as a part of its planned merger with Praxair. ProSiebenSat and Deutsche Boerse followed with increases of 2.02% and 1.66%, respectively. 

The CAC 40 advanced 0.57% with Michelin being the best performer as its stocks added around 3%.

The FTSE 100 gained 1.04% as Royal Dutch Shell closed around 4% in the green after the oil corporation said it was restoring its cash dividends after more than two years.

The euro declined 0.19% against the dollar to go for 1.1876 at 5:48 pm CET. At the same time, sterling decreased 0.6% against the greenback changing hands for 1.3241.

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