5/19, 5:46 PM (Source:
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Europe closes higher as Trump turmoil eases

Stock markets in Europe closed in the green on Friday as the political fallout of United States President Donald Trump mitigated ahead of his first foreign trip. Te British manufacturing industry expanded by 9% in May, the Confederation of British Industry reported earlier, while the European Commission's flash estimate for consumer confidence in the euro are this month was mostly unchanged, adding 0.3 points. 

The German DAX closed 0.39% higher. Holding company E.ON SE led the gains, adding 3.21%, after HSBC Holding analysts gave it a €6.50 target price in a research report to clients.

In Paris, the CAC 40 ended the session 0.66% in the green. Societe Generale contributed the most gains, ending 2.49% higher.

The FTSE 100 index added 0.46% at the close.

Meanwhile, the euro gained 0.78% against the US dollar to go for 1.11902 at 5:55 pm CET. 

TeleTrader Newsroom / JC