Europe closes mostly higher on Brexit, vaccine hopes

Tuesday, 08. December 2020 17:30

Major stock markets in Europe closed in mixed territory on Tuesday amid the hopes regarding the future of the negotiations over the post-Brexit relations between the European Union and the United Kingdom. Earlier in the day, the two parties reached a deal on the implementation of the Withdrawal Agreement. Meanwhile, a new analysis of AstraZeneca and Oxford University's vaccine candidate against COVID-19 showed it was both "safe and efficient," with an efficacy rate of about 70%

The DAX traded 0.13% higher at the close as BASF SE advanced by 1.86%. The FTSE 100 rose by 0.13%, with Smiths PLC going up by 3.87%. On the other hand, the CAC 40 declined by 0.12% as Credit Agricole Group dropped by 2.24%.

The euro stood flat against the dollar to change hands for $1.21123 at 5:26 pm CET. A minute later, the pound sterling lost 0.18% to the greenback to sell for $1.33552.

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Author:
Breaking the News / JR