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European stocks rise after hints on economic stimulus

2019-08-19 07:34 am | Resource: News | No Views : 13

 European  stocks rise after hints on economic stimulus

Sentiment was upbeat in the markets on Monday after the opening bell on European bourses as oil jumped and safe havens were sidelined. With the decline of gold.

Government bonds in Germany and the United States fell, meaning yields were at their lowest ever or in several years after Olaf Schulz, Chancellor of the Exchequer, Chancellor Angela Merkel, said she was ready to approve 50 billion euros in spending in the event of a slowdown. While pledging to take action if necessary, he said that financial matters had yet to be disciplined. Risk appetite was particularly supported by China's corporate tax reform.

McDonnell: Labor will do anything to stop the Brexit

The Labor Party's shadow minister, John McDonnell, said on Monday his party would do anything in its power to prevent Britain from leaving the European Union. Speaking to the BBC, McDonnell noted that party leader Jeremy Corbyn will gather opposition parties next week to discuss tactics to prevent Britain from leaving the EU without an agreement.

Corbin, meanwhile, is to tell voters today that the country is facing a Brexit crisis and that general elections are needed because the Conservatives "have failed in our country." Over the weekend, leaked government documents revealing the impact of Brexit's lack of a deal revealed that the UK faced a shortage of fuel, food and medicine, solid borders with Ireland and other important problems.

European shares trading
  • The FTSE 100 jumped 0.77% in London in the first minutes of trading.
  • Germany's DAX gained 1.02%, led by 3.44% Deutsche Bank shares. The troubled bank shares fell to a record high in the previous session.
  • The CAC 40 was 0.89% in the green.

Gold fell 0.41% at 9:05 AM CET to reach $ 1507 an ounce. The Euro was steady at $ 1.10914 and £ 0.91322. The pound was also unchanged, selling at $ 1.21453.

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