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Associated Press European Commission President Jean-Claude Juncker, center, speaks with British Prime Minister Boris Johnson, left, after a meeting in Luxembourg, Monday, Sept. 16, 2019.
European stocks turned higher Thursday as key political leaders say they’ve reached a deal for U.K. to exit the European Union.
The pact, announced by U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker, will still need ratification from national parliaments, with the U.K. Parliament set to vote on the deal Saturday with a Northern Irish political party still withholding support for now.
The Stoxx Europe 600 SXXP, +0.65% rose 0.68% to 396.15.
The German DAX DAX, +0.93% jumped 1.01% to 12798.08, the French CAC 40 PX1, +0.54% added 0.44% to 5721.88 and the U.K. FTSE 100 UKX, +0.60% rose 0.59% to 7210.52.
The British pound GBPUSD, +0.6392% shot through $1.29 on the deal. U.S. stock futures ES00, +0.40% also rose.
Companies that rallied on the tentative deal included British Land BLND, +4.19% , which rose 4%, and Barclays BARC, +3.29% , which rose 3.2%.
Other movers on Thursday included Ericsson ERIC.B, +7.38% , as the Swedish telecommunications equipment maker lifted its margin forecast.
