Europe closes higher despite N. Korea uncertainty

Markets 5/16/2018, 5:36 PM
Europe closes higher despite N. Korea uncertainty

European stock markets finished the Wednesday trading session with gains despite the uncertainty surrounding the planned summit between the US President Donald Trump and North Korean leader Kim Jong-un, raised by Pyongyang's warning that it might cancel the meeting over the issue of joint military drills between South Korea and the US. Elsewhere, the CEO of Facebook Mark Zuckerberg has agreed to appear before the European Parliament regarding personal data safety. Concerning economy, the euro area inflation declined to 1.2% in April, while German consumer prices added 1.6% over the same month.

The FTSE 100 was 0.26% higher at the end of the session, with Micro Focus as the best performer. The DAX gained 0.18% to finish the trading day in the green, pushed higher by Adidas. Meanwhile, the main French index CAC 40 added 0.22% at the closing bell thanks to TechnipFMC, after it reached the highest level in more than ten years earlier in the session.

The euro was 0.44% lower against the dollar to sell for 1.1785 at 5:35 pm CET, while the pound lost 0.13% versus the greenback to go for 1.3485 at the same time.

Breaking the News / FH

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Share:

UK 100 Index+0.69%

7,060.00
Chart for: UK 100 Index

EUR/USD+0.07%

1.1587
Chart for: EUR/USD Spot

Germany 30 In...+1.38%

11,766.35
Chart for: Germany 30 Index

France 40 Ind...+1.58%

5,164.50
Chart for: France 40 Index