Europe ends lower with Brexit talks in focus

Monday, 30. November 2020 17:32

Equities on major European stock markets were in the red territory at the closing bell on Monday with all eyes on negotiations between the European Union and the United Kingdom on the two sides' post-Brexit trade relations. Irish Foreign Minister Simon Coveney expressed hope over reaching the deal this week, though he warned it may collapse if there is no consensus on fisheries.

Meanwhile, London "remains committed" to striking a free trade agreement with the bloc "as soon as possible," UK Prime Minister Boris Johnson said, adding that the government won't change its negotiating position.

The DAX ended Monday's session virtually unchanged, trading 0.02% lower as Volkswagen slid nearly 3%. The CAC 40 dropped 0.79% as Unibail-Rodamco-Westfield plunged over 4%, and the FTSE 100 went down by 1.08% at the same time with Phoenix Group dipping more than 7%. The euro lost 0.11% to go for $1.19472 at 5:29 am CET, while the pound gained 0.33%, changing hands for $1.33387 concurrently.

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Breaking the News / GA