European stocks turn higher as leaders declare Brexit deal

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 German DAX DAX, +0.45% jumped 1.01% to 12798.08, the French CAC 40 PX1, +0.06% added 0.44% to 5721.88 and the U.K. FTSE 100 UKX, +0.46% rose 0.59% to 7210.52.

The British pound GBPUSD, +0.3664% shot through $1.29 on the deal. U.S. stock futures ES00, +0.25% also rose. Companies that rallied on the tentative deal included British Land BLND, +2.90% , which rose 4%, and Barclays BARC, +1.90% , which rose 3.2%. Other movers on Thursday included Ericsson ERIC.B, +7.50% , as the Swedish telecommunications equipment maker lifted its margin forecast.

Steve Goldstein Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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European stocks seen slightly lower as Brexit takes center stageEuropean stocks were expected to open slightly lower Wednesday as investors pause for guidance on the likelihood of an imminent Brexit deal between the U.K. and the EU.
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