Europe closes mostly higher on trade optimism

Monday, 23. December 2019 17:31

Equities on European markets closed the session on Monday mostly higher as the United States and China made progress on trade talks. China said that it will "adjust" import tariffs on certain products starting January 1, aiming to "expand imports." Meanwhile, US President Donald Trump claimed that Washington and Beijing "achieved a breakthrough on the trade deal," adding that the signing of the so-called phase one trade deal will come "shortly."

When it comes to business news, Swiss pharmaceutical giant Roche reached an agreement worth $1.15 billion on the partnership with Sarepta Therapeutics to launch gene therapy for Duchenne muscular dystrophy.

The Dax fell 0.12% at the closing bell with Deutsche Bank dropping over 2% while the CAC 40 gained 0.21% at the same time led by Accor's rise over 2%. Meanwhile, the FTSE 100 in London closed 0.54% higher as the session ended led by NMC Health's jump of nearly 34%.

The euro went up against the greenback, adding 0.13% to go for 1.10915 at 5:31 pm CET.

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Breaking the News / GA