Brexit Uncertainties to Drive European Stock Markets Today?

European stock markets were expected to open lower over higher likelihood of a no-deal Brexit, but so far, they look unaffected. On Wednesday, the opposition Labour party tried to block Britain’s exit from the EU without a deal in place, but their efforts were turned down by UK lawmakers.

On Thursday, Conservative MPs are set to vote for a new leader to take Theresa May’s place in the government. The most promising replacement appears to be Boris Johnson, a known Eurosceptic and pro-Brexit leader. His campaign focused on taking Britain out of the EU, with or without a deal, rising fears of a no-deal Brexit.

The FTSE 100 is currently trading higher from yesterday’s close, touching over 7387 at the time of writing. So far, German DAX and French CAC are also trading higher, trading at over 12158 and over 5377 respectively.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

New Record Highs for Nasdaq and S&P 500

2 hours ago

Save

S&P 500 Closes in on Record High as Trump Says Iran War is “Close to Over”

1 day ago

Save

Sandisk Bullish on Entry to S&P 500 as Company Benefits from AI Boom

2 days ago

Save