Europe Markets: European stocks turn higher as leaders declare Brexit deal
Associated Press
European stocks turned higher Thursday as key political leaders say they’ve reached a deal for U.K. to exit the European Union.
The pact, announced by U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker, will still need ratification from national parliaments, with the U.K. Parliament set to vote on the deal Saturday with a Northern Irish political party still withholding support for now.
The Stoxx Europe 600
rose 0.68% to 396.15.
The German DAX
jumped 1.01% to 12798.08, the French CAC 40
added 0.44% to 5721.88 and the U.K. FTSE 100
rose 0.59% to 7210.52.
The British pound
shot through $1.29 on the deal. U.S. stock futures
also rose.
Companies that rallied on the tentative deal included British Land
, which rose 4%, and Barclays
, which rose 3.2%.
Other movers on Thursday included Ericsson
, as the Swedish telecommunications equipment maker lifted its margin forecast.
