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STOCKS-EUROPE-OPEN
European stocks open higher after May wins vote
LONDON, Dec 13, 2018 (BSS/AFP) – European stocks rose Thursday at the open
on investor relief after British Prime Minister Theresa May won a no-
confidence vote.
Investors were meanwhile awaiting the latest interest rate decision from
the European Central Bank, which is forecast to end the “quantitative easing”
stimulus.
Sentiment was also buoyed by more conciliatory noises from China and the
United States on trade, dealers said.
At the opening bell, London’s benchmark FTSE 100 index advanced 0.2 percent
to 6,894.93 points.
In the eurozone, Frankfurt’s DAX 30 won 0.5 percent to 10,978.68 points and
the Paris CAC 40 climbed 0.4 percent to 4,926.86.
The pound meanwhile rose to $1.2656, compared with $1.2629 late on
Wednesday.
Prime Minister May survived a confidence vote staged by her own party’s MPs
late on Wednesday.
May won the backing of 200 Conservative lawmakers, but 117 voted to oust
her — and only after she conceded she would step down before the 2022
election.
She heads to Brussels for the second time in three days on Thursday,
battling to save her Brexit deal.
BSS/AFP/MR/ 1444 hrs