Stocks in EU mixed with Brexit pressure

Thursday, 10. October 2019 09:04

Equity traders took indexes on Thursday in different directions at the opening bell on the main exchanges in Europe as they were looking for cues regarding Brexit negotiations ahead of the withdrawal scheduled for the end of October. The administration in Brussels indicated it would only be willing to postpone the divorce if the United Kingdom agrees to hold elections or another referendum. Fossil fuel companies fared the worst at the start of trading as oil surrendered a part of yesterday's rally, against outperformance by consumer staples and household products.

The FTSE 100 was 0.17% higher in the first moments of the session. Hargreaves led the way, being 1.84% in the green. The DAX slipped 0.07% in Frankfurt with Bayer sinking 1.84% to the bottom of the pile, and the French CAC 40 advanced 0.32% as LVMH spiked 4.89%.

Relative neutrality toward risk was evident by no change in the spot gold price, holding at $1,505.3 per ounce at 9:05 am CET. The euro climbed 0.38% to $1.1013 and only 0.08% to £0.89964. The pound was up 0.28% at $1.22405.

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