Europe closes mostly higher on relief deal optimism

Monday, 20. July 2020 17:30

Equities on major European stock markets finished trading predominately in green on Monday as the negotiations on the European Union's coronavirus relief fund continued. European Commission President Ursula von der Leyen claimed the talks were going in the "right direction," while French President Emmanuel Macron stated a deal "seems likely." Meanwhile, European Central Bank Vice President Luis De Guindos said the euro area's gross domestic product is expected to drop "slightly less" than initially predicted.

The FTSE 100 decreased 0.46%. International Consolidated Airlines Group S.A., or IAG, lost 3.33%. The DAX gained 0.99%, with Deutsche Boerse NA climbing 2.40%. The CAC 40 rose 0.47%, as Teleperformance SE grew 3.97%.

The euro advanced 0.12% against the dollar to change hands for $1.14411 at 5:29 pm CET. The pound jumped 0.63% to sell for $1.26474 concurrently.

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