European equities recover as Brexit fears linger

Monday, 21. October 2019 13:26

Stock in Europe recovered mid-session on Monday as investors digested the latest news surrounding Britain's withdrawal from the European Union.

The UK government said earlier it would withdraw the motion seeking a meaningful vote on the Brexit deal, should lawmakers submit any amendments, as they would render a meaningful vote "meaningless." Meanwhile, Germany's Heiko Maas hinted that Berlin would be open to a short delay as it meant preventing a no-deal scenario.

The bloc is yet to grant a fresh extension to the Article 50 process, requested by Prime Minister Boris Johnson over the weekend.

The German DAX climbed 0.73%. Wirecard AG remained the best performer as its shares surged 6.22% at 1:20 pm CET. The French CAC 40 added 0.16% at the same time. ArcelorMittal pulled the index up, rising 3.94%. Meanwhile, the FTSE 100 gained 0.13% after starting the session flat this morning. NMC Health topped the London Stock Exchange's best performers list, jumping 3.62%.

The pound was flat against the US dollar, changing hands for 1,29807 at 1:21 pm CET.

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Breaking the News / GG