German DAX, U.K. FTSE 100 rise on Brexit pact news
The pact, announced by U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker, will still need ratification from national parliaments, with the U.K. Parliament set to vote on the deal Saturday with a Northern Irish political party still withholding support for now.The German DAX DAX, +0.45% jumped 1.01% to 12798.08, the French CAC 40 PX1, +0.06% added 0.44% to 5721.88 and the U.K. FTSE 100 UKX, +0.46% rose 0.59% to 7210.52.
The British pound GBPUSD, +0.3664% shot through $1.29 on the deal. U.S. stock futures ES00, +0.25% also rose. Companies that rallied on the tentative deal included British Land BLND, +2.90% , which rose 4%, and Barclays BARC, +1.90% , which rose 3.2%. Other movers on Thursday included Ericsson ERIC.B, +7.50% , as the Swedish telecommunications equipment maker lifted its margin forecast.
Steve Goldstein Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.
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