Europe closes lower amid Brexit, trade concerns

Friday, 18. October 2019 17:30

Equities on major European stock markets finished the last trading session of the week in the red on Brexit and trade-related uncertainties. Opposition in the United Kingdom, alongside the Democratic Unionist Party, was expected to vote against the Prime Minister Boris Johnson's withdrawal agreement, dooming it to almost certainly fail. European leaders were divided on whether the UK should receive another Article 50 extension if the Brexit proposal failed to pass the parliament vote this Saturday. Meanwhile, Brussels announced it will impose retaliatory measures against the United States after the tariffs targeting European goods took effect.

The FTSE 100 closed 0.44% bellow the flatline, with Evraz plc decreased 4.27%. The DAX fell 0.17% at the same time, as Wirecard AG dropped 6.29%. The CAC 40 lost 0.65%. Renault SA was the worst performer, tumbling 11.68% on lowered outlook for 2019.

The euro traded 0.14% higher against the greenback at 5:29 pm CET, to go for $1.11403. The pound fell 0.15% concurrently, selling for 1.28722 dollars.

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Breaking the News / MD