Europe ends lower after cross-party Brexit talks collapse

Friday, 17. May 2019 17:31

European stock markets finished the Friday trading session with losses after cross-party talks between the British government and the opposition Labour Party collapsed, a day after Prime Minister Theresa May agreed to set the date for her departure after the next parliamentary vote on her Brexit deal, regardless of its outcome. May cited divisions inside the Labour Party as the reason for the failure of talks, while Opposition Leader Jeremy Corbyn put the blame on the "increasing weakness and instability" of the prime minister's cabinet.

Meanwhile, the United States officially decided to delay tariffs on car imports for up to 180 days as it continues to negotiate trade deals with the European Union and Japan.

The FTSE 100 was down 0.06% at the closing bell, with Hikma Pharmaceuticals the worst performer. The DAX finished trading 0.58% lower, weighed down by ThyssenKrupp. In Paris, the CAC 40 closed the session 0.18% in the negative territory, pushed lower by ArcelorMittal. The euro was 0.14% lower against the dollar to sell for 1.1159 at 5:34 pm CET, while the pound dropped 0.54% versus the greenback to reach levels unseen in several months, going for 1.2727.

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Breaking the News / FH