Investing.com - Financial Markets Worldwide
⚠ Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

European shares slip on Brexit anxiety

Published 10/17/2019, 03:23 PM
Updated 10/17/2019, 03:24 PM
European shares slip on Brexit anxiety
UK100
-
ERICb
-
FRVIA
-
FTMC
-
STOXX
-
SXPP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Oct 17 (Reuters) - European shares ticked lower in early
dealings on Thursday, as investors were tense ahead of a two-day
European Union summit that will focus on last-gasp efforts to
seal a deal on Britain's exit from the bloc.
At 0706 GMT, the pan-European STOXX 600 index .STOXX was
down 0.2% with all major bourses in the red.
Only the London's blue-chip FTSE 100 .FTSE was flat as the
export-heavy firms benefited from a weakness in the pound. The
domestically-focused midcaps index .FTMC dropped 0.5%.
Northern Ireland's Democratic Unionist Party said it could
not support the withdrawal agreement proposed by Prime Minister
Boris Johnson and the European Union, raising doubts whether
Johnson will be able to win the parliament's approval.
Meanwhile, a mixed bag of earnings reports trickled in.
French car parts group Faurecia EPED.PA dropped 5.3% after
posting lower-than-expected third quarter sales. Ericsson ERICb.ST jumped nearly 7% after the telecoms
equipment maker posted quarterly core earnings well ahead of
expectations and lifted its 2020 sales target. Mining stocks .SXPP posted the sharpest fall of 1.3% among
European sectors.

Latest comments

Install Our App
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.