- Title: European shares nudge higher as Brexit tussle continues
- Date: 21st October 2019
- Summary: FRANKFURT, GERMANY (OCTOBER 21, 2019) (REUTERS) TRADING FLOOR AT FRANKFURT STOCK EXCHANGE TRADER DAX GRAPH TRADERS IN DISCUSSION BOARD SHOWING DAX OPENING AT 12,661.93 POINTS TRADER VARIOUS OF BANK SHARES (SOUNDBITE) (German) AUTHORISED REPRESENTATIVE PRICING INTERMEDIARIES ICF BANK, SAYING (on BREXIT / TRADE DISPUTE): "Markets are cautiously optimistic about Brexit. Also, there are reports out of China and the United States that a deal might be signed in mid-November to end the trade conflict, so the mood is rather optimistic." VARIOUS OF TRADERS BOARD SHOWING DAX HIGH OF 12,693.97 POINTS AT 09:24 A.M. (0724 GMT) (SOUNDBITE) (German) AUTHORISED REPRESENTATIVE PRICING INTERMEDIARIES ICF BANK, ARTHUR BRUNNER, SAYING (on BREXIT): "Whether there will be a hard or a soft Brexit is pretty much priced in but politicians of course want to avoid a disorderly Brexit. I think the other EU member states are willing to grant Great Britain an extension." TRADERS IN DISCUSSION PAN ACROSS BOARD (SOUNDBITE) (German) AUTHORISED REPRESENTATIVE PRICING INTERMEDIARIES ICF BANK, ARTHUR BRUNNER, SAYING (on DAX): "We saw a very good start. The DAX is currently up 0.6%. The biggest winners are SAP which is up around 1% after good figures. Wirecard is currently up 6% after they announced to have the Financial Times' accusations reviewed externally by KPMG. So overall, there is optimism." VARIOUS OF TRADERS BOARD SHOWING DAX INCREASE OF 62.10 POINTS OR 0.49% DAX BOARD
- Embargoed: 4th November 2019 08:56
- Keywords: DAX stocks shares Brexit exchange
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Economic Events
- Reuters ID: LVA001B21IE19
- Aspect Ratio: 16:9
- Story Text: European shares rose on Monday with investors turning their focus to earnings, while remaining hopeful that Britain would be able to avoid a disorderly exit from the European Union.
British Prime Minister Boris Johnson will again try to put his Brexit deal to a vote in parliament later in the day after he was forced by his opponents to send a letter seeking a delay from the European Union.
The pan-European STOXX 600 index rose 0.3% after finishing nearly flat last week, hurt by some weak quarterly results and conflicting Brexit headlines.
In Frankfurt, the DAX opened 0.3% higher into the new trading week and two hours in, was up almost 0.6%.
Trader Arthur Brunner of ICF bank said markets were "cautiously optimistic about Brexit" and that reports out of China and the United States that a deal might be signed in mid-November to end the trade conflict added to the "rather optimistic mood" in Frankfurt.
London's FTSE 100 .FTSE lagged as the pound recovered from its earlier losses to climb higher.
With just 10 days left until the Oct. 31 deadline, the exit is again in disarray as Britain's political class argue over whether to leave with a deal, exit without a deal or hold another referendum.
Most sub-sectors were in the black led by banks and autos, but defensive plays including healthcare and real estate lagged the broader market.
At 11:00 a.m. (0900 GMT), the DAX was at 12,706 points, up 72 points or 0.58%.
(Production: Andreas Buerger, Michele Sani) - Copyright Holder: REUTERS
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