11/24/2023, 5:35 PM (Source: TeleTrader)
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Europe closes higher with Gaza truce in focus

European stock exchanges closed higher on Friday as geopolitical tensions seemingly eased. The truce agreement between Israel and Hamas started this morning, and the first groups of hostages on both sides have been released.

In addition, Germany's business climate report was published showing further improvement in November. On the business front, Nissan is investing £2 billion in electric vehicle production in the United Kingdom.

The DAX closed 0.22% higher with Covestro AG rising 2.22%. The pan-European Euro Stoxx 50 gained 0.25% as BASF SE increased by 1.76%. The FTSE 100 rose by 0.06% with Kingfisher PLC increasing by 2.05%. The CAC 40 gained 0.20% as Renault SA grew 1.81%.

The euro rose 0.27% against the dollar at 5:28 pm CET, selling for $1.09345. The British pound was 0.58% higher against the greenback to sell for $1.26084 at the same time.

Baha Breaking News (BBN) / DD