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LONDON (Reuters) – European stocks hit a five-month high on Thursday morning after the British parliament voted against a messy Brexit.
Markets however remained cautious, while another crucial vote to postpone the departure of the European Union is on Thursday night.
The pan-European STOXX 600 was up 0.3% at 08:17 GMT, while the FTSE 100 was down 0.1%. Sterling had a similar decline after his win in the previous session.
"We now see a chance out of 60 (versus 55%) that a variant close to the current Prime Minister's agreement on Brexit is finally ratified," Goldman Sachs badysts wrote, adding that the probability of a Brexit without a transaction had fallen to 5%.
Among the individual stocks, Lufthansa posted the worst performance after the release of results and an 11% decline in operating profits in the fourth quarter.
GEA, Germany, grew by 8.3% while its results were welcomed by investors, as were those of the Italian Leonardo.
(Report by Julien Ponthus, edited by Keith Weir)
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