Europe starts mostly in red amid Brexit concerns

Wednesday, 18. December 2019 09:00

European markets started mostly in red on Wednesday as traders are watching British Prime Minister Boris Johnson's next move related to his promise of a hard Brexit in case the EU declines a free trade agreement by the end of 2020. United Kingdom government said on Tuesday that it was resolved to leave the European Union customs union and single market "in all circumstances," while Labour Party Leader Jeremy Corbyn said that his party plans to vote against Prime Minister Boris Johnson's new Brexit bill on Friday.

Also, investors are focusing on today's speech by European Central Bank President Christine Lagarde in Frankfurt as well as today's data coming from Great Britain and Eurozone.

The DAX lost 0.27% at 9:02 am CET as Lufthansa AG VNA fell 1.30%. France's CAC 40 was flat at 9:02 am CET with ArcelorMittal SA as the biggest loser that slipped 0.57%. The FTSE 100 was flat as well at 9:03 am CET and the biggest loser was Lloyds Banking Group PLC that went down by 0.17%

The euro fell against the dollar at 1.11328 at 9:04 am CET.

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Breaking the News / TF