Equities in EU gain with renewed optimism

Monday, 12. August 2019 09:22

Relief set in upon the opening bell on European stock markets on Monday and traders were willing to get more exposure to risk after weeks of strong declines. Gold and silver weakened amid reduced demand for safe havens. However, the shift may easily be short-lived as concerns linger over the recent escalation in the trade dispute between the United States and China even though the administration in Washington has been assuring the public that the lines of communication remain open.

The euro retreated 0.1% to $1.11884 and 0.4% to £0.92769 at 9:19 am CET. The pound was up 0.3% at $1.20615. Gold fell 0.39% to $1.491.76 and silver traded 0.61% lower at $16.87 per ounce.

The FTSE 100 jumped 0.62% in London. Halma was the best performer with 1.86% above the previous close. The DAX index gained 1.11% led by Linde's 1.71% rally. The CAC 40 surged 1.02% and Accor climbed 2.2% to the top of the chart.

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