European markets start trading mixed

Thursday, 21. February 2019 09:15

Leading European stock markets were mixed at the beginning of the Thursday's trading session as the focus remains on the United Kingdom's withdrawal from the European Union and the rumors of a possible trade agreement between the United States and China. Matteo Salvini, deputy prime minister of Italy, claimed there was no need for fiscal action in the Mediterranean country as the recent reform results need more time to show. In business news, Swiss Reinsurance Company Ltd announced a new $2 billion share buyback program following what it described as one of the worst years for the insurance industry.

Shortly after the market open, IHS Markit is set to release purchasing managers' index reports for the EU and Germany, while the UK's Office for National Statistics will publish data on the public sector net borrowing.

The FTSE 100 was 0.31% lower as Bae Systems plc lost 5.13% at 09:19 am CET. The DAX increased by 0.30% at 09:20 am CET, with Linde plc being the best performer with a 1.07% rise. Meanwhile, the CAC 40 rose 0.02% as Bouygues increased 3.77%. The euro was 0.12% up against the dollar, changing hands for 1.13531 at 9:17 am CET, while the pound was almost flat, trading just 0.01% higher for $1.30577.

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Breaking the News / MD