Europe trades mixed premarket with Brexit in focus

Thursday, 17. October 2019 07:35

European stocks were mixed in premarket trading on Thursday ahead of the two-day European Council set to focus on Brexit. Media reports suggested that the United Kingdom and the European Union reached a Brexit agreement on all points except VAT, but noted it was still unclear if UK Prime Minister Boris Johnson can secure the support of Northern Irish DUP for the deal. Meanwhile, investors also focused on corporate earnings as Nestle posted a 3% increase in revenue for the first nine months of the year. Unilever is also due to report before the bell.

The FTSE 100 added 0.09% at 7:33 am CET, while the DAX declined by 0.07% at the same time and the CAC 40 decreased by 0.12% at 7:42 am CET.

The euro was up 0.04% against the dollar to sell for 1.10755 at 7:31 am CET, while the pound lost 0.17% compared to the US currency to go for 1.28078 at 7:32 am CET.

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Breaking the News / NP