Brexit Uncertainties Dominate Sentiment in European Stock Markets

Britain's leading stock market index FTSE is trading lower after touching close to a one-month high over rising Brexit uncertainties

FTSE, European stock markets trading Brexit uncertainties

Early on Friday, Britain’s leading stock market index FTSE is trading lower after touching close to a one-month high over rising Brexit uncertainties and the ongoing political turmoil within the UK. At the time of writing, FTSE is trading around 7323.

Meanwhile, European stock markets are also set to trade cautiously as Brexit remains in the spotlight. On Thursday, UK PM Boris Johnson called for a fresh round of general elections, even before the EU could announce its decision on whether or not to grant Britain yet another extension on Brexit.

Discussions among EU27 members remain ongoing regarding the length of the delay to be granted to Britain to sort out all concerns around Brexit. European stock markets can also be impacted by Q3 corporate earnings report releases from leading companies today.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
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.

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