European Shares Rise ahead of Britain's Formal Exit Process
European shares rose
London - QNA
European shares rose on Wednesday ahead of the formal triggering of Britain's exit process from the European Union later in the day.
Automakers and miners led gains in the Stoxx Europe 600 Index, which added 0.2% at 1,490 points. London's benchmark FTSE 100 index gained 0.4% to 7,372.79 points In the Eurozone, Frankfurt's DAX 30 added 0.4% to 12,195.86 points, and the CAC 40 in Paris advanced by almost 0.4% to 5,063.70.
Meanwhile, Sterling hit a one-week low of $1.2378 and was last trading down 0.5% against the dollar at $1.2390. Elsewhere in currencies, the euro was down a quarter of 1% at $1.0785 and the dollar was flat against the yen at 111.05 yen.
Source: QNA
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