Europe opens mixed with Brexit, earnings in focus

Monday, 21. October 2019 09:02

Markets in Europe opened mixed on Monday as investors focused on the latest Brexit developments, as well as corporate earnings and economic data. United Kingdom Prime Minister Boris Johnson was forced to officially ask the European Union to postpone Britain's exit from the bloc by three months after UK Parliament passed the Letwin amendment, thus delaying the vote on the new Brexit agreement. However, Johnson reportedly refused to sign the letter to the EU and urged Brussels in a separate letter to reject the request. The UK government plans to table a motion for a meaningful vote on the deal today. Meanwhile, data showed German producer prices declined less than expected in September and SAP posted a 13% jump in third-quarter revenue.

The DAX rose 0.24% at 9:03 am CET. Wirecard, whose shares surged 5.37% at 9:04 am CET, was the best performer.

The FTSE 100 was flat at 9:03 am CET. Meanwhile, the CAC 40 declined 0.07% at 9:00 am CET as Danone, down 1.14% at 9:02 am CET, led the losses.

The euro lost 0.15% against the dollar to sell for 1.11543 at 9:05 am CET and the pound fell 0.42% compared to the US currency to go for 1.29206 at the same time.

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