10/11, 5:30 PM (Source: TeleTrader)
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European stocks increase sharply at close

European markets rose at the closing bell on Friday after the European Union leaders gave approval to its chief Brexit negotiator Michel Barnier to enter the intense negotiations phase with the United Kingdom regarding the UK's withdrawal deal. Barnier and United Kingdom Brexit Secretary Stephen Barclay both called their meeting today "constructive." In the United States, its president Donald Trump emphasized positive sentiment surrounding trade talks with Chinese Vice President Liu He scheduled later for today.

The DAX jumped 2.73% at the close with software company SAP SE leading the gains with a 9.64% surge.

London's FTSE 100 was 0.73% higher, pulled up by lenders Lloyds and RBS, soaring by 12.86% and 12.02%, respectively.

The CAC 40 increased by 1.73%. STMicroelectronics was the best performer, increasing by 7.06%.

The euro was 0.39% up compared to the dollar at 5:31 pm CET, trading at 1.10480. The British pound added 1.97% against the American currency, going for 1.26862 at the same time.

Breaking the News / MS