9/20/2018, 9:04 AM (Source: TeleTrader)
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Europe opens mixed as EU summit continues

European stock markets opened mixed on Thursday ahead of the second day of a European Union summit in Salzburg, Austria. One of the most important issues discussed is the United Kingdom's exit from the union, as the two sides still have not agreed on terms. On Wednesday, UK Prime Minister Theresa May called on the EU to "evolve" its Brexit negotiating position "just like the UK has done." However, Irish Prime Minister Leo Varadkar said no progress has been made since March on one of the main points of contention, the border between the UK and Ireland. President of the European Council Donald Tusk noted the negotiations showed signs of a positive development.

The FTSE 100 started the session up 0.16%. Standard Chartered Plc rose 0.83%.

The DAX opened 0.06% lower. Beiersdorf AG declined 0.6%.

The CAC 40 gained 0.12% at the open. Societe Generale led the gains with 1%.

The euro traded 0.12% higher against the dollar and sold for $1.16872 at 9:02 am CET. The pound added 0.13% compared to the dollar and went for $1.3162.

Breaking the News / DJ