Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

European shares slip on recession, Brexit worries

Published 08/29/2019, 03:18 PM
Updated 08/29/2019, 03:20 PM
European shares slip on recession, Brexit worries
UK100
-
MCRO
-
STOXX
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 29 (Reuters) - European stocks were slightly lower in
early trading on Thursday, as fears of a global recession and
the impact of a disorderly Brexit kept investors away from risky
assets.
Prime Minister Boris Johnson decided to suspend Britain's
parliament for more than a month before Brexit, a move that will
limit the time opponents have to derail a disorderly Brexit and
increases the chance that Johnson could face a vote of
no-confidence in his government. However, the fall in the pound helped Britain's FTSE 100
.FTSE rise 0.14% and outperform the pan-European STOXX 600
index .STOXX , which was flat by 0710 GMT.
Meanwhile, the Trump administration on Wednesday officially
stamped its extra 5% tariff on $300 billion in Chinese imports
and set collection dates of Sept. 1 and Dec. 15, the latest move
in a trade war between the two countries that has entered its
second year. British IT group Micro Focus MCRO.L slumped 24% after it
warned on profit, citing lower spending by clients.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.