Stocks in EU end in green, pare part of weekly losses

Freitag, 24. Mai 2019 17:47

Equity indexes increased on Friday on major European exchanges as pessimism over the impact of the trade war between the United States and China subsided. Traders figured stocks were oversold after this week's sharp losses as US President Donald Trump indicated Huawei's ban would be addressed in a potential bilateral deal. Theresa May, the United Kingdom's prime minister and the leader of the Conservative Party, said today she would depart when her successor is named.

The FTSE 100 advanced 0.65%, led by Evraz, which rallied 3.41%. The DAX rose 0.49% in Frankfurt and Deutsche Boerse and Munich Re were the best constituents, gaining 1.74% and 1.72%, respectively. The French CAC 40 was 0.67% in the green. Schneider Electric surged 2.78% to the top of the chart.

The euro gained 0.18% to $1.12018 at 5:46 pm CET. The pound strengthened 0.28% to $1.26934. Oil traded in the red but above yesterday's lows, unseen since March.

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