European stocks close in red as UK MPs reconvene

Wednesday, 25. September 2019 17:36

Stocks in the European markets curbed losses at the close on Wednesday as United Kingdom Parliament reconvened after the UK Supreme court ruled its suspension unlawful. Attorney General Geoffrey Cox said earlier in the day that the government would comply with the possibly Brexit-delaying Benn Act, while also announcing that an early election motion will be tabled soon. Transcript of a phone conversation between United States President Donald Trump and Ukrainian President Volodymyr Zelensky was published and showed no mention of military aid to the Eastern European country.

The DAX lost 0.59% at the close as heath care firm Fresenius led the losses with a 2.59% drop. London's FTSE 100 was flat, while the CAC 40 dropped 0.95% with EssilorLuxottica the biggest loser.

The euro was 0.63% lower compared to the US dollar at 5:35 pm CET, trading at 1.09514. The pound dropped 1.00% against the American currency, going for 1.23670 at the same time.

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Breaking the News / MS