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European shares open green on the last week of trading

2019-07-12 07:30 am | Resource: News | No Views : 60

European shares open green on the last week of trading

European stocks opened mostly on Friday as investors evaluated the week of events. They are also waiting for EU industrial production data to be released after the opening bell and a speech from the Bank of England (GE). In other news, the media reported that UK-based Thomas Cook Group is seeking $ 940 million in cash from the Fusen Group of Chinese Tourism and other creditors.

Thomas Cook for a $ 940 million cash injection from Fusen

The world's oldest media, Thomas Cook Group, is seeking a cash amount of 750 million pounds ($ 940 million) from China's Fusen Travel Group and other creditors, media reported on Friday.

Johnson vows to be "strong" with the United States

The United Kingdom was "very strong with the United States and will remain strong with the United States" following the leak of comments made by United Kingdom Ambassador to the United States Kim Daroush, the candidate for the next UK prime minister, Boris Johnson, said. Comments critical of the current US administration and President Donald Trump, led to Darrukh's resignation.

Johnson reiterated that he regretted Daroush's departure and described the incident as "a very unpleasant trick," adding that UK civil servants "should feel free ... to speak without fear or favoritism to their political masters," according to Sky News. However, Johnson added that the prime minister must have "a close working relationship with anyone in the White House," claiming that "certainly I will get it already."

European Stocks Open
  • The CAC index opened up 0.28% at 9:03 am CET.
  • While the DAX fell 0.10% at 9:18 am on the back of Daimler's losses of 2.13%.
  • Meanwhile, the FTSE rose 0.14% at 9:19 CET.

The euro rose 0.15% against the dollar to reach 1.1271 at 9:14 CET, while the British pound rose 0.22% compared to the US dollar to sell at 1.2549 at the same time.

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