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European shares flat, Brexit tensions simmer

Published 09/11/2020, 03:21 PM
Updated 09/11/2020, 03:30 PM
© Reuters.
STOXX
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ARYN
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SXEP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Sept 11 (Reuters) - European shares turned flat after
opening marginally lower on Friday, a day after the European
Central Bank took a less dovish tone than expected on stimulus,
while growing prospects of a no-deal Brexit kept risk sentiment
subdued.
The pan-European STOXX 600 index .STOXX was flat at 0709
GMT and was on track to end the week with gains.
The EU is ramping up preparations for a tumultuous end to
the four-year Brexit saga as top officials prepared to brief its
27 members on British Prime Minister Boris Johnson's plan to
break the divorce treaty. Most of the major sector indexes were lower, a day after the
ECB held interest rates steady and said it was closely watching
the euro.
Oil and gas stocks .SXEP were among the biggest decliners
as crude prices fell.
Swiss frozen baked goods maker Aryzta ARYN.S jumped 17.3%
after it said it was in advanced talks with private equity firm
Elliott Advisors over a takeover deal.

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