Brexit Pact Sends European Stocks Higher

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fcode N/GEN codetype djn code n_gen djn N/PLT djn|N/PLT name N/PLT why lineage source FACTIVA fcode N/PLT codetype djn code n_plt first_publish_headline European Stocks Edge Higher After Results From Heavyweights Unilever and Nestle first_publish_headline|European Stocks Edge Higher After Results From Heavyweights Unilever and Nestle flow Barrons.com flow|Barrons.com codetype FLOW name Barrons.com source MANUAL value Barrons.com code online status modified name Online title Product code Barrons.com flow Barrons Blogs flow|Barrons Blogs codetype FLOW source MANUAL title Product code Barrons_Blogs name Barrons Blogs value Barrons Blogs status modified headline Stocks Are Gaining after the UK and the EU Agreed on a Brexit Deal headline|Stocks Are Gaining after the UK and the EU Agreed on a Brexit Deal id MarketWatch id|MarketWatch guid 0faaad3a-f0be-11e9-abe6-05401d6a9ec5 id Factiva id|Factiva index CAC 40 index|CAC 40 symbol FR:PX1 country FR codetype index displayname CAC 40 Index 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pe|121390654 significance passing onlinesignificance passing-mention why occur source FACTIVA fcode 121390654 codetype pe code 121390654 nameformat surname_first re uk re|uk codetype re why about source FACTIVA subcat cntry code uk name United Kingdom significance prominent onlinesignificance prominent fcode uk re eurz re|eurz codetype re why about source FACTIVA subcat snr code eurz name Europe significance prominent onlinesignificance prominent fcode eurz re eecz re|eecz codetype re why lineage source FACTIVA subcat geopo code eecz name European Union Countries fcode eecz re weurz re|weurz codetype re why lineage source FACTIVA subcat sc code weurz name Western Europe fcode weurz relay SYND relay|SYND codetype RELAY name Syndication source EXPANDER value SYND code synd status modified statistic CODES_REVIEWED statistic|CODES_REVIEWED name CODES_REVIEWED value CODES_REVIEWED codetype STATISTIC code CODES_REVIEWED subject BAREUROPE subject|BAREUROPE codetype SUBJECT title Europe code BAREUROPE name Europe canbedisplaysubject true ruleid BAREUROPE value BAREUROPE status modified subject BARCONSUMER subject|BARCONSUMER codetype SUBJECT title Consumer code BARCONSUMER name Consumer canbedisplaysubject true ruleid BARCONSUMER value BARCONSUMER status modified subject BARMKTNOW subject|BARMKTNOW codetype SUBJECT title Markets Now code BARMKTNOW name Markets Now ruleid BARMKTNOW value BARMKTNOW canbedisplaybrand true status modified subject BARMKTS subject|BARMKTS ruleid BARMKTS codetype SUBJECT value BARMKTS selectable true canbedisplaysubject true name Markets title Markets status modified code BARMKTS wordcount 325 wordcount|325 Photograph by John Thys/AFP/Getty Images Stocks Are Gaining after the UK and the EU Agreed on a Brexit Deal Stocks Are Gaining after the UK and the EU Agreed on a Brexit Deal Stock Market Jumps as Brexit Deal Reached by UK, EU

European stocks turned higher Thursday as key political leaders say they’ve reached a deal for the U.K. to exit the European Union.

Brexit Pact Sends European Stocks Higher

European stocks turned higher Thursday as key political leaders say they’ve reached a deal for the U.K. to exit the European Union.

https://www.wsj.com/articles/brexit-talks-are-dealt-a-blow-as-northern-irish-party-rejects-draft-11571294766 https://www.marketwatch.com/story/eu-and-uk-leaders-say-brexit-deal-has-been-agreed-2019-10-17?mod=home-page Stocks Are Gaining after the UK and the EU Agreed on a Brexit Deal By Steve Goldstein Photograph by John Thys/AFP/Getty Images

European stocks and Dow Jones Industrial Average futures turned higher Thursday as key political leaders say they’ve reached a deal for the U.K. to exit the European Union.

The pact, announced by U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker, will still need ratification from national parliaments, with the U.K. Parliament set to vote on the deal Saturday with a Northern Irish political party still withholding support for now.

The German DAX jumped 1.01% to 12798.08, the French CAC 40 added 0.44% to 5721.88 and the U.K. FTSE 100 rose 0.59% to 7210.52. Dow futures have advanced 109 points, or 0.4%.

The British pound shot through $1.29 on the deal. U.S. stock futures also rose.

Companies that rallied on the tentative deal included British Land, which rose 4%, and Barclays , which rose 3.2%.

Other movers on Thursday included Ericsson, as the Swedish telecommunications equipment maker lifted its margin forecast.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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