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7/9/2018, 5:32 PM (Source: TeleTrader)
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Europe ends higher amid UK political turmoil

Markets in Europe closed in the green on Monday as investors focused on the latest Brexit-related tensions in the United Kingdom. UK Brexit Secretary David Davis and Foreign Secretary Boris Johnson resigned from their positions, refusing to support Prime Minister Theresa May's soft-Brexit strategy unveiled at the government's Chequers meeting on Friday. Meanwhile, May insisted her Brexit proposal is in the "national interest."

The FTSE 100 climbed 0.92%. The largest gains were recorded in the mining sector as Antofagasta jumped 3.39%, followed by BHP Billiton, up 2.64%.

The DAX rose 0.38%. The best performer was Lufthansa whose shares surged 2.24%.

The CAC 40 added 0.42% with Valeo increasing 2.73%.

The pound fell 0.32% against the dollar to go for 1.3246 at 5:32 pm CET, while the euro traded flat compared to the US currency to sell for 1.1746 at 5:33 pm CET.

Baha Breaking News (BBN) / NP