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European stocks rally after Brexit breakthrough, new banking rules deals

Among the top gainers were ABN Amro, up 5.7 per cent; Lloyds, up 4.5 per cent and Danske Bank, up 4.4 per cent

Reuters  |  London 

European stocks rallied to a week's high on Friday as Britain and the European Union announced a breakthrough in Brexit negotiations and new global banking regulations appeared kinder to European banks than had been expected. The European Commission said enough progress had been made after it worked through the night with the UK to end an impasse over the status of the Irish border, which had scuppered an earlier attempt to clinch a deal on Monday. Financials lifted the pan-European Stoxx 600 0.8 percent by 0923 GMT, with the banking index up 2.6 percent at a five-week ...

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First Published: Fri, December 08 2017. 15:54 IST
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