The European market opened lower today, for the first time in the last four sessions, on lower market sentiment due to the political crisis in the UK, which could eventually lead to a new general election after a withdrawal of confidence from Boris Johnson's government, while British pound fell as a result of the crisis to 35-month low vs. US dollar.
As of 11:55 GMT, Stoxx Europe 600 fell by 0.4%, while the index closed higher by 0.3% yesterday, its third daily gain and the highest level since August.
The index opened lower today, to head for the first loss in the last four sessions, on profit-taking from a 5-week high, with most of the European markets and sectors falling.
A senior official in Johnson's government told Reuters that if the parliament approved a bill that prevent the current government approach, especially If the lawmakers from his conservative party join the opposition (which is highly expected), a general election will be called for on October 14.
A vote is expected later today for a bill to postpone the Brexit for 3 months to block Boris Johnson's plan for a no-deal Brexit.
In terms of trading, Euro Stoxx 50 fell by 0.4%, while in France the CAC 40 fell by 0.5%, with Germany's DAX falling by 0.4%.
In London, the FTSE 100 fell by 0.25%, while GBP/USD fell to a 35-month low at $1.1958.