Europe up in premarket on Brexit optimism

Tuesday, 15. October 2019 07:37

Major European stock market indexes were higher before the bell on Tuesday as investors looked onto Brexit negotiations after reports in the British press said that the European Union and the United Kingdom may have come to some "last minute compromises" on the Irish backstop ahead of London's departure from the bloc. On the geopolitical front, tensions remained high in the Middle East after Turkey continued its operation in Syria and United States announced sanctions against Ankara.

Germany's DAX increased 0.09% at 7:34 am CET while France's CAC 40 was up 0.19% at 7:30 am CET. The FTSE 100 was flat, but gained 0.03% at 7:33 am CET.

The euro was 0.04% in the green against the dollar, going for 1.10306 at 7:35 am CET while the pound rose 0.20% compared to the greenback to trade at 1.26323 at 7:36 am CET.

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Breaking the News / VP