Europe opens in red as Brexit optimism subsides

Friday, 18. October 2019 09:05

Major European stock markets started the trading session in the red on Friday as the freshly agreed Brexit deal faces a vote in Parliament in London this Saturday. British Prime Minister Boris Johnson said that he is "very confident" MPs will support his Brexit deal. However, the government lacks the backing of the DUP, which said it will not support the deal and urge Conservatives to take the same position.

The DAX started 0.17% lower as the FTSE 100 lost 0.29%. Continental and Wirecard led the losses in Frankfurt, while IHG and Lloyds were the biggest losers in London. The CAC 40 decreased 0.42% at the start.

The euro was 0.05% in the red at 9:05 am CET, buying $1.11185. At the same time, the pound slid 0.19% on the greenback, at $1.28668.

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Breaking the News / NI