Global Financial News: U.S. Dollar Continues Its Recovery

European stocks edged higher Thursday but with political risks still lurking underneath solid economic fundamentals, gains were limited and volumes were thin
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Here is your round-up of the financial news from around the world:

1. Lloyds of London, the world's oldest insurance market, said Thursday that it will open a new office in Brussels as a result of Britain's decision to leave the European Union.

2. An early mover of note in European trading was H&M Hennes & Mauritz AB (HNNMY) , which posted stronger-than-expected quarterly earnings and said it would launch a new clothing line later this year amid an increasing difficult environment for European retailers.

3. The U.S. dollar, in that respect, continued its recovery from the early November lows it reached on Monday, with a key measure of its strength against a basket of six rival currencies rising to a nine-day high of 100.60 before paring gains to 99.84 at the start of the European session.

4. The pound was also marked lower, trading at 1.2425 against the greenback as investors await the British government's 'white paper' that will outline its specific Brexit priorities. 

READ MORE: European stocks edge higher, currencies weaken on slowing inflation hints