European stocks turned higher Thursday as key political leaders say they’ve reached a deal for U.K. to exit the European Union.
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 Stoxx Europe 600
rose 0.68% to 396.15.
Other movers on Thursday included Ericsson
, as the Swedish telecommunications equipment maker lifted its margin forecast.