European stocks fall ahead of the Brexit vote

2019-03-12 16:19:49 GMT (Economies.com)
European stocks fall ahead of the Brexit vote

European shares fell on Tuesday morning to continue the losses that were temporarily stopped yesterday. This comes as a risk averse by the investors ahead of an important event in the UK as the British parliament votes on the final agreement for Brexit before the country's official exit from the European Union on 29th of March.

 

Stoxx Europe 600 fell more than 0.2% as of 11:25 GMT, the index ended yesterday's session up by 0.8%, the first gain in the last four sessions, after a strong recovery of the banking sector and financial companies.

 

Stoxx Europe Index fell Tuesday morning to continue its losses that were temporarily stopped yesterday, with most of the major markets and sectors in the red zone.

 

Investors are avoiding taking risks at the moment as the British Parliament votes on the final agreement for the Brexit after some amendments have been made, and the British Prime Minister, Theresa May, securing a legally binding guarantees from the European Union.

 

In the event of the parliament voting today lands on the rejection of the separation of the country from the European Union, Theresa May said that there will be a new vote on Wednesday about the exit of the country without an agreement, and in case of rejection there is a final vote on whether to ask the British government to request a postpone on the Brexit.

 

S&P 500 futures fell more than 0.2%, and the index ended Monday's session on Wall Street up 1.5%, the first gain in six sessions, with the highest daily gain since 12th of February.

 

Euro Stoxx 50 fell at 0.3% , while in France, the CAC 40 index lost 0.25%. with Germany's DAX index losing 0.3%.

 

In London, the FTSE 100 rose 0.45% Unlike the trend in Europe, after a sharp drop in the exchange rate of the GBP against most of the world's currencies.

 
 
 
  Symbol Last Change Chg.%
1.1162
-0.0001
0.0121%
1.2707
-0.0030
0.2344%
14.455
0.037
0.260%
62.977
0.296
0.473%
72.05
0.09
0.13%
1274.665
-3.100
0.243%
 
 
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Europe
 
Asia