By Steve Goldstein, MarketWatch
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.
The German DAX jumped 1.01% to 12798.08, the French CAC 40 added 0.44% to 5721.88 and the U.K. FTSE 100 rose 0.59% to 7210.52.
The British pound shot through $1.29 on the deal. U.S. stock futures also rose.
Companies that rallied on the tentative deal included British Land (BLND.LN) , which rose 4%, and Barclays , which rose 3.2%.
Other movers on Thursday included Ericsson (ERIC-B.SK) , as the Swedish telecommunications equipment maker lifted its margin forecast.