Europe starts higher as UK election kicks off

Thursday, 12. December 2019 09:05

European stocks traded higher as the session on an eventful Thursday started.

Voters in the United Kingdom are hitting the polling stations today, in a tight, Brexit-dominated race that is unlikely to hand over a majority of the House of Commons to a single party, according to the polls.

Meanwhile, investors are bracing for the latest ECB's interest rate decision later in the day, the first for the newly appointed President Christine Lagarde. The Eurozone's central bank is expected to keep the key rates unchanged as did the US Federal Reserve yesterday.

On the data front, market participants will be on the lookout for the latest euro area industrial production figures.

The DAX started the session 0.30% higher as Infineon jumped 1.58%. In Paris, the CAC 40 rose 0.18% at the opening bell, with Sodexo surging 2.23%. The FTSE 100 advanced 0.22% around the same time as Jd Sports Fashion led the gains rising 1.49%.

The pound was flat versus the dollar, buying 1.32090, while the euro declined slightly against the greenback, going for 1.11368 at 9:05 am CET.

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