European Stock Markets Set to Have a Mixed Session Amid Brexit Uncertainties, ECB Meeting
Arslan Butt • 1 min read
European stock markets look all set to have a mixed open and a mixed trading session on Thursday as uncertainties surrounding Brexit remain in the spotlight. Meanwhile, the earnings season is in full swing and could drive volatilite in stock markets during today’s European session as well.
The ball is back in the EU’s court as it deliberates whether or not to grant yet another extension on Brexit, as requested by the UK government. Earlier this week, the House of Commons voted Johnson’s latest withdrawal agreement but MPs rejected his plans to rush through the deliberations and pass the Brexit Bill.
With only days to go for the current deadline, a delay looks like the most likely option to get British MPs to resolve their differences and work out the latest Brexit deal. There is also an increased likelihood for a round of general elections during this period.
European stock markets could also see some moves following the ECB’s policy meeting due in some time. Although markets are expecting no change in the monetary policy, it will be Presdient Mario Draghi’s last meeting, and will be worth keeping an eye on.