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European stocks fluctuated ahead of Fed meeting

2019-03-19 09:25 am | Resource: News | No Views : 51



 There was little stock movement in early trading on Tuesday on major European stock exchanges. Traders were focusing on the expected monetary policy update tomorrow from the US Federal Reserve, and were also looking for internal information about Britain's exit from the EU.

Barclay: The vote on Britain's exit from the European Union is unlikely this week

 The third vote on the UK exit deal is unlikely to happen this week after House Speaker John Burko raised the "bar" by warning that he would refuse to put forward an agreement To vote unless it is substantially changed.

According to the official, the government of Prime Minister Teresa Mae will discuss Britain's exit from the European Union this morning to see what guarantees the government can provide in order to ensure that Bercow allows another vote on the current deal. However, Minister Brexit stressed that there is a need to "shift" in parliament for a third purposeful vote.

Barclay also reiterated that he would prefer to leave the European Union on March 29, but the "short extension" of Article 50 would be necessary even if parliament approved the withdrawal agreement before the end of the month.

European Stocks Open
 
  • The FTSE 100 rose 0.23% at 9:20 CET in London, led by Ocado Inc. (3.02%). .
  • The French CAC 40 index was trading down 0.14% in the red zone. Societe was the worst performer, shedding 1.77%.
  • Germany's DAX index narrowed. Deutsche Bank added most of the declines, plunging 2.97% after a 12-day high yesterday. Shares have sunk on concerns about the organizational aspects of possible merger with Comers.

The euro rose 0.13% to trade at $ 1.13518 while it was flat at £ 0.8554. The pound gained 0.1% to $ 1.32696.


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