Europe opens higher as Brexit remains in focus

Monday, 02. September 2019 09:01

European markets started Monday mostly higher as MPs in the United Kingdom revealed they want to introduce legislation to stop a no-deal Brexit. According to MP Nick Boles, lawmakers plan to ask Prime Minister Boris Johnson to ask the bloc for a short Brexit deadline extension, in case Parliament doesn't vote for a no-deal Brexit, or it fails to pass a new Brexit deal. Earlier, however, reports emerged that the dispute over a no-deal Brexit outcome may lead the country to a general election as Johnson threatened to withdraw the whip from dozens of Conservative MPs if they stand behind plans to stop a disorderly withdrawal.

The DAX was 0.13% higher at the open with Deutsche Boerse leading the gains, trading 1.31% in the green. The French CAC 40 rose 0.06% at the start of the session as Kering added 0.65%. Meanwhile, the FTSE 100 jumped 0.38% thanks in part to Micro Focus International soaring 2.99%.

The British pound traded flat against the US dollar, changing hands for 1.21601 at 9:00 am CET.

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Breaking the News / VP