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European stocks diverge and focus on Brexit from the European Union

2019-08-20 07:38 am | Resource: News | No Views : 20

European stocks diverge and focus on Brexit from the European Union
 
Markets in Europe opened mixed on Tuesday as Britain's exit from the European Union and trade tensions between the United States and China continued. UK Prime Minister Boris Johnson has written to the European Union asking the bloc to remove Irish support from the Brexit deal, but Brussels rejected the proposal.

Johnson will travel to Paris later today to discuss Brexit with French President Emmanuel Macron.

At the same time, the United States has postponed the ban on Huawei for another 90 days, but the Chinese technology giant accused Washington of "unfair treatment" and urged it to remove the company and its affiliates from its commercial blacklist.

The EU informally rejects Johnson's speech

The Guardian newspaper, citing sources in Brussels, said the agreement on a UK withdrawal from the EU, including the Irish support clause, was not open to renegotiation. According to EU diplomats, the letter from UK Prime Minister Boris Johnson to the European Council earlier Monday, in which he offered alternative customs arrangements to the Irish border, represents "a complete movement of target sites on an issue of great importance and sensitivity."

The EU has not formally responded to Johnson's letter. The UK prime minister is scheduled to hold bilateral meetings with French President Emmanuel Macron and German Chancellor Angela Merkel on Tuesday, ahead of the next G7 meeting scheduled for the end of next week.

European stock openings
  • The FTSE 100 rose 0.08% at 9:00 am CET with Nmc Health rising 1.87% at the same time.
  • The DAX fell 0.08% at 9:01 CET. The worst performer was Continental, whose shares fell 0.97% at 9:03 CET.
  • The CAC 40 fell 0.15% at 9:00 am CET. ArcelorMittal, down 1.03% at 9:01 CET, led losses.

The euro was trading unchanged against the dollar to close at 1.10769 at 9:03 am CET, while the pound fell 0.22% against the US dollar for sale at 1.20993 at 9:04 am CET.


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