European stocks close in the red before Brexit amendments

Wednesday, 27. February 2019 17:40

European stocks ended the Wednesday session , amid ongoing discussions on the United Kingdom divorce from the European Union and the continuation of earnings season, with Rio Tinto and Bayer reporting the positive earnings during the day. Media outlets reported that Brussels will probably demand a two year Brexit delay in case the sides fail to reach an agreement on the Irish backstop in the following couple of weeks. Vote on the amendments concerning UK's departure from the EU are expected in the evening.

The FTSE 100 ended the session 0.61% lower, weighed down by a strong pound and the sliding of Marks And Spencer Group plc shares. The DAX lost 0.48% at the closing bell, with Beiersdorf AG O.N. losing 9.53% during the session. Meanwhile, the CAC 40 finished trading 0.32% in the red, affected by Veolia Environ 2.37% losses.

The euro was 0.05% higher against the dollar to sell for 1.1367 at 5:32 pm CET, while the pound surged 1.19% versus the greenback to go for 1.3258 at the same time,

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