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12/8/2020, 5:30 PM (Source: TeleTrader)
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Europe closes mostly higher on Brexit, vaccine hopes

Major stock markets in Europe closed in mixed territory on Tuesday amid the hopes regarding the future of the negotiations over the post-Brexit relations between the European Union and the United Kingdom. Earlier in the day, the two parties reached a deal on the implementation of the Withdrawal Agreement. Meanwhile, a new analysis of AstraZeneca and Oxford University's vaccine candidate against COVID-19 showed it was both "safe and efficient," with an efficacy rate of about 70%

The DAX traded 0.13% higher at the close as BASF SE advanced by 1.86%. The FTSE 100 rose by 0.13%, with Smiths PLC going up by 3.87%. On the other hand, the CAC 40 declined by 0.12% as Credit Agricole Group dropped by 2.24%.

The euro stood flat against the dollar to change hands for $1.21123 at 5:26 pm CET. A minute later, the pound sterling lost 0.18% to the greenback to sell for $1.33552.

Breaking the News / JR