Major European stock indexes on Friday, January 12, completed trading in positive territory, investors drew attention to corporate news, according to trading data.
Following the auction, the British FTSE 100 index grew by 0.2%, to 7778.64 points, the German DAX – by 0.32%, to 13245.03 points, the French CAC 40 – by 0.52%, to 5517.06 points .
Earlier on Friday, UK-based GKN, an aerospace-manufacturing company, said it was refusing a deal to sell its investment company Melrose Industries for £ 7 billion.
The reason for the refusal was the low price offered by the potential buyer, as well as a new strategy for the development of the company's business.
Against this background, GKN shares jumped 26.24% at the end of the bid.
Traders' attention was also drawn to the news that Fiat Chrysler Automobiles (FCA) announced an investment of $ 1 billion in a truck assembly plant in Michigan, where production from Mexico will be relocated in 2020. The company plans to create 2.5 thousand jobs at the plant.
Against this background, FCA paper rose 0.68%.
The growth of European indices was restrained by the appreciation of the euro, which is negative for export-oriented companies in the region, as it reduces their income in local currency.
The depreciation of the euro against the dollar is due to the preliminary agreement of the leading German parties to start negotiations on the formation of a government coalition in Germany.
The new German cabinet must be formed following the election of the Bundestag on 24 September.
Initially, Chancellor Angela Merkel, at the head of the CDU / CSU alliance who won the election, planned to negotiate a coalition with the Greens and the Free Democratic Party, but the negotiations failed.