10/9/2019, 5:30 PM (Source: TeleTrader)
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European stocks close higher despite Brexit concerns

Equities on major stock markets in Europe closed higher on Wednesday in spite of ongoing uncertainties relating to the United Kindom's withdrawal from the European Union. European Commission President Jean-Claude Juncker expressed cautious optimism over the ongoing negotiations with London, while the bloc's chief Brexit negotiator Michel Barnier said the two sides were not in the position to reach an agreement. In business news, Hays Travel Ltd. announced it will buy all of the Thomas Cook Group plc's shops following the collapse of the British travel agency.

The FTSE 100 in London rose 0.33% at the end of the trading session, with Hargreaves Lansdown plc gaining 3.30%. The DAX increased 1.00%, led by Adidas AG's 3.30% jump. The French CAC 40 grew 0.78%, as EssilorLuxottica SA expanded 3.07%.

The euro was up 0.21% against the dollar at 5:29 pm CET, to sell for $1.09795. Concurrently, the pound was flat against the greenback at $1.22202.

Breaking the News / MD