European stocks higher at Wednesday's open as US election results roll in

STOXX Europe 600 gains more than 1% while euro/dollar parity down 1.73%

By Tuba Ongun

European stock exchanges were higher at Wednesday’s open, on early US election results indicating Republican candidate Donald Trump's return to the White House seem very likely.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 1.17% to 515.46 points at GMT0811.

Germany’s DAX 30 gained 1% to 19,445.75 points and France’s CAC 40 climbed 1.20% to 7,496.19 points.

The UK’s FTSE 100 index increased 1.03% to 8,256.71 points and Italy’s FTSE MIB went up 0.70% to 34,714.00 points.

Spain’s IBEX 35, on the other hand, fell 0.91% to 11,731.20 points.

As the dollar gained ground on the election results, the euro/dollar parity fell 1.73% at 1.0741.

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