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Equity markets in Europe rose on reports of alleged success of negotiations between London and Brussels


The British FTSE 100 indicator added 0.66%. Germany's DAX rose 1.26%, France's CAC 40 1.11%, Italy's FTSE MIB 1.31%, and Spain's IBEX 35 1.76%.

According to Michel Barnier, the EU's chief negotiator, negotiations between the EU and the UK are currently at a critical juncture and need a final impetus.

It is also worth noting that due to the spread of a new strain of coronavirus there, more and more countries are banning or restricting travel to the UK. On Tuesday, the European Commission adopted a recommendation to member states over the new COVID-19 mutation, calling for a limitation on all non-essential travel to and from the UK.

Spain's third-quarter GDP growth estimate was lowered from 16.7% to 16.4% from the previous three months, according to the country's National Institute of Statistics (INE). However, the growth rate is still the highest since the beginning of observations in 1995. In annual terms, Spain's GDP fell by 9%. In the second quarter, the Spanish economy fell by a record 17.9% qoq and 21.6% yoy.

German cement producer HeidelbergCement AG gained 0.8%. The company plans to sell assets in California for about $ 1.5 billion, analysts said.

The market value of the French L'Oreal SA increased by 0.6%. The company said it is buying Japanese skin-care maker Takami Co. L'Oreal did not disclose the financial terms of the deal.

Nmcn Plc fell 13.3%. A British engineering and construction company has downgraded its forecast for 2020. Nmcn now expects its pre-tax loss for the year to be around £ 16.5 million, up from £ 13.5-15 million as previously expected. In addition, the company revised its pre-tax profit indicator for the last year - to 2.1 million from 7.4 million pounds. Nmcn attributed the revision to errors in five contracts.

The material has been provided by InstaForex Company -