Finance News

European shares rose in hopes of a Brexit commerce deal

European stocks are expected to open higher in a light trading session as traders became bullish that a Brexit trade deal would be reached.

According to index data from the IG, the British FTSE 100 rose by 38 points to 6,530, the French CAC by 15 points to 5,552 and the Italian FTSE MIB by 93 points to 22,074. The German markets are closed on Christmas Eve.

The UK and the European Union are said to be close to signing a post-Brexit trade deal on Thursday. After months of political controversy, important sticking points such as fishing come about.

British Prime Minister Boris Johnson will speak to the President of the European Commission, Ursula von der Leyen, in London around 7 a.m. Johnson is expected to hold a press conference an hour later.

In Asia, stocks were mostly higher as investors watched recent developments in Brexit. The broadest MSCI index for stocks in the Asia-Pacific region outside of Japan rose 0.5%.

On Wall Street, stock futures rose ahead of the last trading day of the week with shortened holidays.

President Donald Trump vetoed a comprehensive defense bill on Wednesday and broke the Republican-led Senate. The move came after calling the long-belated $ 900 billion congressional coronavirus aid package an inappropriate "disgrace".

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