Europe ends lower with no-deal Brexit in focus

Monday, 19. October 2020 17:30

Major European stock markets finished Monday's trading session in the red after London announced that further negotiations with Brussels over Brexit would be "meaningless," rising concerns the United Kingdom will leave the European Union without a trade deal at the end of the year.

The coronavirus pandemic continued to prompt new restriction measures across the continent, with Austria and Wales tightening rules in an effort to contain the outbreak. Earlier in the day, trading on Euronext experienced technical issues, but the problem was resolved shortly and the session continued. However, some reports said issues occurred once again at the closing.

The DAX lost 0.42% at the close, with Delivery Hero plunging 3.09%. The FTSE 100 declined by 0.59% to end the day, as Imperial Brands sank 2.28%. The CAC 40 traded 0.23% lower. Saint Gobain led the losses, tumbling 7.98%. Both the euro and the pound rose 0.51% against the dollar at 5:31 pm CET, trading for $1.17778 and $1.29841, respectively.

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