Uncertainty Main Driver in European Stock Markets Today - Forex News by FX Leaders
Stock Market Jitters

Uncertainty Main Driver in European Stock Markets Today

Posted Thursday, May 23, 2019 by
Arslan Butt • 1 min read

Ongoing trade tensions between US and China that show no signs of abating and the uncertainty surrounding Brexit are weighing on European stock markets as they open on Thursday. FTSE 100 was down 0.7% while the FTSE 250 was down by 1% early on Thursday.

A weakness in the Sterling caused by PM May’s latest unsuccessful attempt to get her Brexit deal voted through Parliament has put pressure on the Footsie. Calls for her resignation are getting louder in Britain. May, are you listening?

Concerns over the Huawei ban have also impacted tech stocks in the European stock markets. Latest news reports coming in reveal that more companies are halting their engagements with the company to comply with the US government ban.

Meanwhile, the EU elections are set to begin in the UK and the Netherlands, further fueling uncertainty in European markets.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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