Europe closes higher amid Brexit developments

Monday, 21. October 2019 17:30

Major stock indexes in Europe closed higher on Monday with the focus on the United Kingdom's withdrawal of the European Union. Speaker of the House of Commons John Bercow refused to allow the meaningful vote on the Brexit Agreement, forcing Downing Street to pass its Withdrawal Agreement Bill through both parliamentary houses before taking the country out of the bloc. In business news, GlaxoSmithKline plc announced it was selling two of its travel vaccines to Bavarian Nordic for an upfront payment of €301 million.

The FTSE 100 finished the trading session 0.18% in the green as Centrica plc gained 3.89%. The DAX was up 0.91% concurrently. The best performer was Wirecard AG, rising 6.14%. The CAC 40 increased 0.21%, with Atos growing 3.36%.

The euro slipped 0.26% to change hands for $1.11416 at 5:29 pm ET. The pound was flat against the dollar at the same time, selling for $1.29798.

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Breaking the News / MD