Europe ends higher on German govt talks breakthrough

Markets 1/12/2018, 5:38 PM
Europe ends higher on German govt talks breakthrough

Markets in Europe closed with gains and the euro traded at three-year highs on Friday as investors digested reports that the leaders of Germany’s Christian Democratic Union (CDU), Christian Social Union (CSS) and the Social Democratic Party (SPD) reached a breakthrough in talks to form a government.

The DAX rose 0.32%. Prosieben led the gains as the broadcaster's stock jumped 3.11%.

The FTSE 100 closed 0.20% in the green. GKN pushed the index higher as its stock soared 26.24% after the engineering company rejected a £7 billion takeover bid from Melrose.

The CAC 40 climbed 0.52%. The best performance was recorded by Publicis which added 1.86%.

The euro gained 0.83% against the dollar to go for 1.2131 at 5:40 pm CET, marking the currency's highest level compared to the greenback since late 2014.

TeleTrader Newsroom / NP

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UK 100 Index+0.23%

7,722.00
Chart for: UK 100 Index

EUR/USD+0.35%

1.2264
Chart for: EUR/USD Spot

Germany 30 In...+1.40%

13,453.50
Chart for: Germany 30 Index

France 40 Ind...+0.70%

5,529.25
Chart for: France 40 Index