European Stocks Rise as Kim Pledges to Work for Denuclearization

Tuesday, 12 June 2018 14:21 WIB

Stoxx 600Saham EropaStoxx Europe 600


European stocks gained ground in early trade, adding to the previous session's rally, as investors assessed the signing of a 'very important' document by U.S. President Donald Trump and North Korean leader Kim Jong Un at their historic summit in Singapore.

The document asserted that Trump would provide unspecified 'security guarantees' to Kim in exchange for the North Korean leader's 'unwavering commitment to complete denuclearization of the Korean peninsula.'

Stoxx Europe 600 opened 0.3% higher at 389.09, after rising 0.7 percent on Monday. The FTSE 100 was also up 0.3 percent as U.K. Prime Minister Theresa May's flagship Brexit bill is returning to Parliament for votes that have the potential to topple the government.

Shares in Casino Guichard Perrachon SA surged 6.7 percent after the French retailer said it plans to sell 1.5 billion euros ($1.8 billion) in assets such as store sites in a bid to cut debt.

Source: Bloomberg


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