Europe trades mostly lower as Brexit looms

Tuesday, 26. March 2019 09:15

European markets traded mostly lower during the early trade on Tuesday while growing fears of global recession and looming concerns over the outcome of Britain's withdrawal from the European Union persisted. Investment incentives were also subdued by the rising bond yields in the United States. Meanwhile, Brexit remained in focus after the British House of Commons accepted on Monday the Letwin amendment by 329 votes to 302 which gave the MPs the power to take over the agenda and start indicative votes on Brexit.

In Germany, the DAX lost 0.12%. The main loser was the pharmaceutical giant Bayer, decreasing 1.75% after the company settled a lawsuit with Johnson&Johnson for $775 million yesterday.

French CAC 40 was higher, adding 0.20% in the first few minutes of tradings, led by the gains in Airbus shares of 1.49%.

London's FTSE 100 was down 0.03% while the Eurostoxx 50 declined 0.12%.

The euro fell 0.03% against the US dollar to go for 1.1309 at 9:18 am CET.

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