Europe ends lower as Brexit concerns persist

Thursday, 17. January 2019 17:37

Markets across Europe ended Thursday's session lower as investors focused on developments regarding Britain's withdrawal from the European Union. It was reported earlier that United Kingdom's Chancellor of the Exchequer Philip Hammond sought to reassure a number of companies against the possibility of a no-deal Brexit. Meanwhile, The European Union's chief Brexit negotiator Michel Barnier stated earlier that the extension of the deadline for the UK's departure, scheduled for March 29, "isn't necessary."

The FTSE 100 finished 0.40% lower, dragged down by the energy sector. The CAC 40 declined 0.35% as the session ended. Societe Generale and BNP Paribas led the losses, dropping 5.66% and 3.85%, respectively. The German Dax was 0.16% at the closing bell. Deutsche Bank was the biggest loser, declining 4.09%, followed by Infineon and Daimler.

The euro lost 0.11% against the greenback to go for 1.1380 at 5:55 pm CET.

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Breaking the News / BM