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European stocks price rise ahead of EU trade balance data

2019-07-16 07:58 am | Resource: News | No Views : 57

 European stocks price  rise ahead of EU trade balance data

European markets rose on Tuesday ahead of the European Union's trade balance data. At the same time, the bloc's parliament will vote on the nomination of Ursula von der Lin, the outgoing defense minister, to become the next president of the European Commission.

Von der Lin calls for unity and raising climate goals

In a clear attack on protectionist tendencies on a global scale, Ursula von Derlin told members of the European Parliament that they would fight for a rule-based system if they voted for her to become the president of the European Commission. "We have to do it in the European way," she said, calling for unity within the EU. In her speech, she said she wanted the continent to become climate-neutral by 2050 and that the target of 40% reduction by 2030 should be promoted in a "two-step" approach to "50%, if not 55%."

Von der Lin: UK extension can be granted Britain's exit from the EU

The United Kingdom will continue to be the ally of the European Union and its partner and friend, Ursula von der Lin, filmed with European Commission President Jean-Claude Juncker in a speech on Tuesday in the European Parliament. The candidate, who will become his successor, said the bloc regrets but also respects the country's decision to become its first member and suggested giving the government in London more time to withdraw if necessary.

She stressed that peace and stability on the island of Ireland is the goal of the process of divorce as well as comprehensive stability through the British exit agreement from the European Union. The outgoing German defense minister has turned to the future of EU institutions by emphasizing that citizens need to have a fair opinion. Confirmed that it would improve the electoral system to make it more transparent

European Stocks Open

The DAX rose 0.16% at 9:14 CET, with chemical companies among the biggest winners.

In London, the FTSE 100 rose 0.11% at 9:15 CET. Burberry jumped 6% at 9:08 am as reports of China's excellent sales figures contributed to the gains after a new set of former GIVENCHY design by Ricardo Tessie.

The CAC 40 index in France was steady, trading 0.03% in the green zone at 9:15 am CET. Bouygues surged 1.78% at 9:12 am after the company said it did not expect full 5G technology to be applied in France before 2023.
  • The euro was trading flat against the dollar, dropping 0.02% to hit 1.12548 at 9:18 CET.
  • Meanwhile, the pound lost 0.18% against the US dollar, recording 1.24940.


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