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European shares near record high on hopes of swift Brexit, trade deal

Published 13/12/2019, 09:17
© Reuters.  European shares near record high on hopes of swift Brexit, trade deal
FTMC
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STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon

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Dec 13 (Reuters) - European shares neared a record high on

Friday on hopes of an orderly Brexit after a landslide election

victory for British Prime Minister Boris Johnson and signs of a

last-ditch trade deal between the United States and China.

Markets believe a Conservative Party win would enable

Johnson to deliver Brexit within weeks, easing fears of an

immediate crash and potentially ending 3-1/2 years of political

instability in Britain. The UK-focused FTSE mid-caps .FTMC index jumped 3.6% at

0806 GMT, outshining the pan-European STOXX 600 .STOXX index's

1.5% rise, boosted by gains in shares of utilities, industrials

and financials.

Investors also took comfort from a report that the United

States will suspend tariffs on Chinese goods set to kick in on

Sunday and cut others in return for Beijing buying more American

farm goods. However, both sides were yet to formally confirm the

news.

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