Uncertainty Main Driver in European Stock Markets Today

Uncertainty surrounding the US-China trade war and Brexit are weighing on European stock markets as they open on Thursday.

Arslan Butt•Thursday, May 23, 2019•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 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.