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1/22/2018, 5:55 PM (Source: TeleTrader)
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European stocks finish mixed as pound eyes $1.4

Equities in the Eurozone mostly ended in positive territory on Monday, while the London Stock Exchange saw losses.

The blue-chip index of French shares closed at 5,541.99 points, the highest level since January 3, 2008, reversing from a decline from early in the session. The CAC 40's gain for the day was 0.28%, led by a surge of 3.38% in TechnipPFC and Peugeot's jump of 2.92%.

The FTSE 100 was 0.2% in the red, with Rentokil Initial the worst performer, losing 3.16%. British stocks were under pressure from a stronger pound, which gained on speculation the United Kingdom can reach a favorable Brexit deal. The German DAX was 0.22% up, as Deutsche Bank had the strongest rally – 2.93%.

The euro rose 0.13% at 5:53 pm CET, buying $1.22361, but it weakened 0.47% to £0.87741. Sterling strengthened 0.6% to $1.3946, after reaching $1.397, the highest since the Brexit vote in June 2016.

Breaking the News / IT