European markets set to open higher with UK election results in focus

Early on Friday morning, Labour passed the threshold needed to govern alone as outgoing PM Rishi Sunak conceded defeat.

Keir Starmer, leader of the Labour Party, campaigns ahead of the general election, in Redditch, UK, on Wednesday, July 3, 2024.LONDON — European stocks were expected to open mostly higher on Friday as the U.K.'s general election draws focus in the region.The primary news story on investors' minds Friday was the results of the U.K.

Early on Friday morning, Labour passed the threshold needed to govern alone as outgoing PM Rishi Sunak conceded defeat. Keir Starmer, leader of the center-left Labour,In corporate news, French bank BNP Paribas and Swiss lender UBS are reportedly expressing interest in buying HSBC's German wealth-management unit, Bloomberg News reported Thursday, citing people familiar with the matter.

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