Uncertainty Main Driver in European Stock Markets Today
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.