European stocks start lower with Brexit, trade in focus

Thursday, 17. October 2019 09:02

Equities on major European stock markets began the Thursday's trading session slightly lower as the Brexit negotiations continue. The Northern Ireland's Democratic Unionist Party announced it would not support the current Withdrawal Agreement due to issues it has on the suggested customs and consent and a lack of clarity on value-added tax. United States President Donald Trump claimed Washingon cannot lose a tariff war against the European Union because of the differences in the amount of exports. On earnings, Nestle S.A. and Unilever plc both reported a rise in their profits.

The FTSE 100 started flat, with Kingfisher decreased 2.38%. The DAX fell 0.13%, as Continental AG dropped 0.79%. The CAC 40 lost 0.29% with Pernod Ricard surrendering 3.18%.

The euro was flat against the dollar at 8:59 am CET to go for 1.10674. The pound tumbled 0.47% to sell for $1.27697 at the same time.

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Author:
Breaking the News / MD