European shares rise as UK heads to polls

Newly elected ECB chief Christine Lagarde will also give her speech on the future of stimulus and policy review today.

Dec 12, 2019 09:12 IST India Infoline News Service

European shares inched higher on Thursday with traders awaiting the outcome of the UK general election which will decide whether Britain will leave Europe in an ordery fashion. All major opinion polls suggest the currently ruling Conservative Party will win the election which then allows them to pass a withdrawal deal. 

The STOXX 600 index rose 0.1%. The FTSE 100 is up 0.58%, the DAX is up 0.27%, and France's CAC 40 is up 0.27%.

Newly elected ECB chief Christine Lagarde will also give her speech on the future of stimulus and policy review as the current policy is expected to stay unchanged, which will be keenly watched by market participants.

Meanwhile, Asian markets ended mixed with the Hang Seng gaining 1.31%, the Nikkei 225 rising 0.14%, and the Shanghai Composite losing 0.30%.


Related Story