UK stocks are lower on the back of a stronger pound
- Eurostoxx +1.0%
- Germany DAX +1.2%
- France CAC 40 +1.5%
- UK FTSE -0.6%
- Spain IBEX +1.5%
The positive vibes largely stems from the more optimistic US-China trade rhetoric as well as the smooth-sailing UK election, which points towards a somewhat less risky Brexit process.
Notably, exporters (Daimler, Durr) are the ones gaining strongly as the Conservative majority moves us closer to a more manageable Brexit - no immediate risk of a no-deal yet.
