European shares hit five-month high after no-deal Brexit rejected

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European shares hit five-month high after no-deal Brexit rejected
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European shares rose to a five-month high on Thursday after Britain's parli...

LONDON - European shares rose to a five-month high on Thursday after Britain’s parliament voted to reject a disorderly Brexit.

Sentiment improved from cautious to upbeat after the open, before a vote on Thursday evening to delay leaving the European Union.“We now see a 60 percent chance that a close variant of the prime minister’s current Brexit deal is eventually ratified,” Goldman Sachs analysts wrote. The probability of a no-deal Brexit was now 5 percent, they said.

Germany’s GEA rose 8.3 percent and France’s Lagardere gained after giving more details about its divestment plans.

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