European stocks close in green after data

Freitag, 06. Dezember 2019 17:30

Major stock markets in Europe finished trading significantly higher on Friday as investors focused on the positive news regarding trade, as well as data released during the day. In business news, Aston Martin Lagonda Global Holdings plc opened a new factory in Wales where it plans to manufacture its first SUV. Phoenix Group Holdings plc reached an agreement with Swiss Re AG to acquire its subsidiary ReAssure Group plc for £3.25 billion.

Meanwhile, statistical office Destatis announced industrial production in Germany dropped 1.7% in October, while Halifax reported house prices in the United Kingdom increased by 1% in November.

In London, the FTSE 100 jumped 1.43% at the end of the session, with DS Smith plc growing 4.29%. Germany's DAX rose 0.86%, as Infineon Technologies AG gained 4.04%. The CAC 40 in Paris advanced 1.21%. ArcelorMittal S.A. was the best performer on the French index, climbing 3.50%.

The euro decreased 0.48% against the greenback at 5:29 pm CET, changing hands for $1.10501. At the same time, the pound lost 0.33% to sell for 1.31156 dollars.

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Breaking the News / MD