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10/25, 9:02 AM (Source: TeleTrader)
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Europe opens mostly higher as Johnson calls for election

Markets in Europe opened mostly higher on Friday as investors focused on Brexit and corporate earnings. United Kingdom Prime Minister Boris Johnson announced plans to call for a snap election in December, claiming it would help "get Brexit done." The European Union is expected to decide later in the day if, and by how much, it will agree to delay Britain's exit from the bloc. On the earnings front, Renault, Barclays and Eni were among companies that reported their third-quarter results before the bell.

The FTSE 100 was flat at 9:01 am CET. The DAX gained 0.11% at 9:02 am CET as Daimler led the gains, gaining 0.98% at 9:03 am CET. The CAC 40 added 0.21% at 9:00 am CET. Kering was the best performer as its shares soared 7.74% at 9:02 am CET after the luxury firm reported an 11.6% increase in comparable sales growth.

The euro traded 0.06% in the green against the dollar to sell for 1.11112 at 9:05 am CET and the pound increased 0.05% against the US currency, going for 1.28567 at the same time.

Breaking the News / NP