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11/27/2019, 5:31 PM (Source: TeleTrader)
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FTSE hits four-month high as Europe closes mostly higher

European stocks traded mostly higher at the closing bell on Wednesday as London-based FTSE 100 reached its highest level since August, after a poll said that the majority of the voters in the United Kingdom expect Tories to win the December 12 election. Meanwhile, the new president of the European Central Bank Christine Lagarde stressed that the European Union decision-makers' duty is to keep the value of the euro stable.

On the data front, Germany's statistical office Destatis announced that import prices slightly decreased in October, while the United States GDP growth accelerated in the third quarter of fiscal 2019.

The DAX grew 0.34% at the close as Henkel led the way, jumping over 1%. Meanwhile, FTSE 100 gained 0.30%, enough to reach four-month high, driven by Hiscox's rise over 3%. The CAC 40 in Paris slipped 0.11% at the same time with Capgemini's stocks losing nearly 2% by the end of the session.

The euro traded lower against the dollar, losing 0.27% at 5:30 am CET to go for 1.09951.

Breaking the News / GA