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7/15, 9:19 AM (Source: TeleTrader)
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Europe higher amid reports of UK-US trade deal talk from Johnson

European markets traded in the green on Monday as Brexit remained a hot topic in the United Kingdom as the Tories are set to announce their next party head and the new UK prime minister next Tuesday. Race front runner Boris Johnson is believed to be planning a trip to the United States as soon as possible if he takes over from Theresa May, in order to repair the relationship after the Darroch leaks and come up with a trade deal with the US before Brexit on October 31. Meanwhile, investors continue keeping an eye on Iran-related developments and Chinese data showing record-low growth in June.

The FTSE 100 was up 0.25% at 9:18 am CET, with some of the biggest gains coming from the mining industry as Antofagasta surged 4.06% at 9:07 am CET after the company won a World Bank court case against the Pakistani government. As a result, Islamabad must pay $5.8 billion in damages over an unlawful mining lease denial.

Germany's DAX rose 0.81% at 9:17 am CET. Covestro led the index, jumping 2.76% at 9:21 am CET. The CAC 40 in Paris was 0.49% higher at 9:18 am CET.

The euro was flat against the dollar, trading 0.03% higher at 1.12742 at 9:13 am CET. At the same time, the pound declined 0.09% compared to the greenback and changed hands at 1.25655.

Breaking the News / VP