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Oct. 17, 2019, 6:14 a.m. EDT

European stocks turn higher as leaders declare Brexit deal

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By Steve Goldstein, MarketWatch


Associated Press
European Commission President Jean-Claude Juncker, center, speaks with British Prime Minister Boris Johnson, left, after a meeting in Luxembourg, Monday, Sept. 16, 2019.

European stocks turned higher Thursday as key political leaders say they’ve reached a deal for U.K. to exit the European Union.

The pact, announced by U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker, will still need ratification from national parliaments, with the U.K. Parliament set to vote on the deal Saturday with a Northern Irish political party still withholding support for now.

The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.88% rose 0.68% to 396.15.

The German DAX /zigman2/quotes/210597999/delayed DX:DAX +1.15%  jumped 1.01% to 12798.08, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +1.01%   added 0.44% to 5721.88 and the U.K. FTSE 100   /zigman2/quotes/210598409/delayed UK:UKX +0.76%  rose 0.59% to 7210.52.

The British pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.1825%  shot through $1.29 on the deal. U.S. stock futures /zigman2/quotes/209948968/delayed ES00 +1.08%  also rose.

Companies that rallied on the tentative deal included British Land /zigman2/quotes/210491538/delayed UK:BLND +0.80%  , which rose 4%, and Barclays /zigman2/quotes/208409333/delayed UK:BARC +5.18%  , which rose 3.2%.

Other movers on Thursday included Ericsson /zigman2/quotes/207544813/delayed SE:ERIC.B +1.15%  , as the Swedish telecommunications equipment maker lifted its margin forecast.

/zigman2/quotes/210599654/delayed
XX : STOXX
366.83
+3.19 +0.88%
Volume: 0.00
July 10, 2020 5:50p
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/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
12,633.71
+144.25 +1.15%
Volume: 72,727
July 10, 2020 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
4,970.48
+49.47 +1.01%
Volume: 82,357
July 10, 2020 6:05p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,095.41
+45.79 +0.76%
Volume: 666,498
July 10, 2020 4:59p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2627
+0.0023 +0.1825%
Volume: 0.0000
July 10, 2020 3:45p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,175.00
+33.90 +1.08%
Volume: 1.23M
July 10, 2020 2:35p
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/zigman2/quotes/210491538/delayed
UK : U.K.: London
378.30 p
+3.00 +0.80%
Volume: 2.41M
July 10, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.48 billion
Rev. per Employee
N/A
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/zigman2/quotes/208409333/delayed
UK : U.K.: London
117.76 p
+5.80 +5.18%
Volume: 32.94M
July 10, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£19.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207544813/delayed
SE : Sweden: Stockholm
kr 86.46
+0.98 +1.15%
Volume: 6.10M
July 10, 2020 5:29p
P/E Ratio
141.85
Dividend Yield
1.73%
Market Cap
kr285.78 billion
Rev. per Employee
kr2.21M
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Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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