European markets ended Thursday’s session in green territories with the exception of the French market.As investors digested the latest news regarding the Brexit.
Looking at the common currency, the euro fell against its dollar counterpart to trade at 1.1834 at 17:00 GMT. Furthermore, the single currency also fell versus Japanese Yen to trade at 132.94 at 16:00 GMT. Moreover, The euro was flat versus the safe-haven Swiss Franc trading at 1.1539 at 17:00 GMT.
European primary benchmark Stoxx 600 edged higher by 0.03% in Thursday's session to trade at 390.28 at the close. The index found support from the Consumer Non-Cyclicals sector.
Regarding individual stocks, Just Eat surged 6.5 %, after competition authorities have conditionally permitted its tender for Hungryhouse making it the top performer in the European benchmark.
On the other hand, Goldman Sachs concluded the sale of its remaining 2.7 % stake in the Danish firm Dong Energy; the companies share slumped 4.38 % following the news.
Regarding the Brexit news, the Brexit negotiations had been held up. In Brussels, the European Union's chief negotiator Michel Barnier said that Brexit talks were at a situation in which no progress is possible.
Furthermore, Barnier stated at the news conference that the U.K. had told the EU that it was not ready to determine how much the nation is willing to pay in Brexit fees.
UK’s equities ended today’s session in green territories; London’s leading benchmark FTSE100 rose 0.3% to trade At 7,556.24. As gains in the Technology and Telecommunications Services sectors led the index higher.
Regarding specific stock news, Burberry hit a two year high in Thursday's trading session, closing up 2.65 %, after Mirabaud raised the luxury group rating from "hold" to "buy." Meanwhile, Shares of Sky popped 1.42 % after posting revenue rise of 5 % in this year.
On Thursday, the sterling rose against its U.S dollar counterpart to trade at 1.3273 at 18:00 GMT.
German equities ended Thursday’s session in green; the index hit a record high, topping 13,000 points for the first time in its history.
The leading German index DAX 30 gained 0.09% to end the session at 12,982.89
In stock news, Lufthansa closed up 2.3 %. The German airline stated it would sign an agreement with Air Berlin Thursday to acquire some of the troubled company assets after it became insolvent.
French equities ended today’s session in red notes, Paris’s Primary benchmark CAC40 edged lower by 0.03% to trade at 5,360.810. The French index was pressured by losses the Telecommunications Services and Financial sectors.
Regarding best-performing stocks, ArcelorMittal gained 2.66% followed by Compagnie de Saint Gobain which rose 1.25%.
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