Europe opens lower with Brexit in focus

Monday, 14. October 2019 09:01

Equities on major stock markets in Europe opened lower on Monday amid Brexit-related uncertainties. Irish Foreign Minister Simon Coveney warned "tough issues" needed to be solved before a deal on the United Kingdom's withdrawal from the European Union is reached. On data, Eurostat was set to release a report on the bloc's industrial production later during the day.

In London, the FTSE 100 was flat at the start of the session as Lloyds Banking Group plc fell 2.28%. The DAX in Frankfurt was down 0.38%, with Deutsche Bank AG losing 1.40%. The French CAC 40 decreased 0.34% as BNP Paribas S.A. surrendered 1.42%.

The euro slipped 0.18% against the dollar at 8:59 am CET, to sell for $1.10184. At the same time, the pound dropped 0.61% against the greenback to go for 1.25723.

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Breaking the News / MD