European Stocks Edge Higher; Remy Cointreau Raises Outlook

European stock markets edged higher Thursday with Remy Cointreau starring, while investors digested the formation of a new governing coalition in Germany as well as the region’s ongoing Covid-19 crisis. At 3:45 AM ET (0845 GMT), the DAX in Germany traded 0.3% higher, the CAC 40 in France also rose 0.3% and the U.K.’s FTSE 100 climbed 0.1%. After two months of negotiations, the Social Democrats, the Greens and the Free Democrats agreed a coalition deal on Wednesday that will result in Olaf Scholz of the Social Democrats replacing Angela Merkel as German chancellor after 16 years.