European stocks end mixed amid Brexit tensions

Wednesday, 16. January 2019 17:36

Markets in Europe closed mixed on Wednesday as investors focused on the latest Brexit developments after United Kingdom lawmakers rejected Prime Minister Theresa May's withdrawal agreement. In response to the outcome of the vote, Labour leader Jeremy Corbyn tabled a motion of no confidence in the government with the vote on the issue scheduled for later in the day. May's government is expected to survive the vote after her coalition partners the DUP, as well as hardline Tory Brexiteers from the European Research Group reportedly vowed to back the prime minister. Meanwhile, the European Union once again insisted it is not willing to renegotiate the Brexit deal, claiming Britain already received enough concessions.

The FTSE 100 fell 0.47%. The worst performer was Pearson whose shares plunged 6.15%.

The DAX ended 0.36% in the green with Deutsche Bank leading the gains as it soared 8.39%.

The CAC 40 rose 0.44% and the Euro Stoxx 50 was up 0.20%. Societe Generale posted the largest gains on both indexes as it jumped 4.15%.

The pound lost 0.18% against the dollar to sell for 1.2861 at 5:39 pm CET and the euro decreased 0.10% compared to the greenback to change hands for 1.1402 at the same time.

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Breaking the News / NP