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Europe Gains With the SXXP Hitting Highest Since Early December


Friday, 25 January 2019 15:57 WIB

Stoxx 600Saham EropaStoxx Europe 600


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European shares opened higher after Asia was positive and U.S. markets were mixed as the government shutdown continues into Friday.

The Stoxx Europe 600 index rose 0.7 percent, the highest since early December. U.K.’s exporter-heavy FTSE 100 saw a more moderate increase, up 0.1 percent, after the pound gained against the euro. In terms of Brexit developments, the Sun newspaper reported that Northern Ireland’s Democratic Unionist Party has decided to back Theresa May’s divorce deal for Britain next week.

News continued to roll in for the much-watched chipmaker sector. This time it came from the U.S. tech firm Intel Corp., with its 2019 forecasts signaling a slowdown. Among companies, Deutsche Bank AG is under increasing scrutiny in the U.S., while Ericsson AB is benefiting from surging demand for 5G equipment.

Source: Bloomberg


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