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10/25, 5:30 PM (Source: TeleTrader)
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Europe closes mostly higher after EU backs Brexit delay

European equities finished trading mostly higher on Friday after the European Union agreed to delay Brexit once again. However, a decision on the length of the extension won't come until next week.

Meanwhile, MPs in Westminster will consider the government's motion to hold a general election on December 12 next week.

The DAX advanced 0.17% as Infineon and Continental led the gains. The CAC 40 gained 0.67% with luxury goods company Kering surging over 8%. In London, the FTSE 100 closed flat.

The euro fell 0.16% against the dollar at 5:40 pm CET, buying 1.10865, while the pound declined 0.09% versus the greenback to go for 1.28395.

Breaking the News / JC