European markets close higher after worst week of the year; Sterling jumps on new Brexit deal
Publishing timestamp: 2023-02-27 11:40:30
Summary
European markets closed higher Monday after posting their steepest decline of the year so far last week. The Stoxx 600 index closed 1.1% higher, with all sectors and major bourses in positive territory. British Prime Minister Rishi Sunak signed a new trade deal with the European Union to tackle issues with the Northern Ireland Protocol, which caused the pound sterling to jump 0.9%. Asia-Pacific markets were mixed on Monday after stocks on Wall Street also posted their steepest decline of 2023. Commerzbank rejoined Germany's DAX index and its CEO Manfred Knof described elements of Germany's economy as "resilient". Nordic property firm Samhllsbyggnadsbolaget topped European stocks in morning's bullish trade, while Dechra Pharmaceuticals plunged 15% after reporting a slide in first-half profit. European markets are heading for a positive open Monday, with earnings set to come from Saipem, Bunzl and Commerzbank.
Sentiment: POSITIVE
Tickers: DPH-GB, .GDAXI, CBK-DE, .FTSE, .FCHI, .FTMIB, .STOXX, RR.-GB,
Keywords: breaking news: europe, economic events, business news, united states, commerzbank ag, stoxx 600,
Source: https://www.cnbc.com/2023/02/27/european-markets-live-updates-stocks-data-news-and-earnings.html