Europe opens mostly higher despite Brexit chaos

Wednesday, 04. September 2019 09:03

European stocks started mostly in the green on Wednesday as the turmoil surrounding the United Kingdom's departure from the European Union continued to take its toll on the markets. British Prime Minister Boris Johnson officially tabled a motion just before the opening bell to call for an early parliamentary election in the country. However, MPs will first have to consider the European Union withdrawal bill brought by Hilary Benn to try to stop the UK from leaving the bloc before debating whether an election will take place. In other news, investors awaited a host of economic data for the EU, Germany and UK due for release after the opening bell.

The CAC 40 was down 0.17%, the DAX jumped 1.02% as ThyssenKrupp AG advanced 1.98% while the FTSE 100 rose 0.34% at the opening bell.

The euro was up 0.09% against the dollar to go for 1.09836 at 8:59 am CET while the British pound strengthened 0.34% versus the greenback to go for 1.2125 at the same time.

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Breaking the News / DZ