Stocks in Europe rise as Brexit vote looms

Tuesday, 15. January 2019 08:57

Investors took equity indexes higher before the opening bell on Tuesday as sentiment improved after China announced fiscal and monetary policy measures to maintain growth, consumption and employment. At the same time, markets were bracing for a likely defeat in the attempt of the United Kingdom's government to push through its Brexit deal, agreed with the European Union, through Parliament. It was reported earlier that Prime Minister Theresa May would initiate another vote in that case.

As China's plan was outlined, stocks in Asia-Pacific soared, while optimism has also been fueled by the signal from United States Federal Reserve Vice Chairman Richard Clarida that the central bank may scale down further its outlook for interest rate increases.

The FTSE 100 jumped 0.51%, the DAX was 0.85% higher in Frankfurt in premarket trade and the French CAC 40 gained 0.84%. The euro was flat at 8:56 am CET, selling for $1.14715, while slipping 0.09% to £0.89055. The pound added just 0.11% to change hands for $1.288. Gold lost 0.15% to $1,289.67 per ounce.

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