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European shares opened lower amid a focus on Brexit developments

2019-09-10 07:29 am | Resource: News | No Views : 25

 European shares opened lower amid a focus on Brexit developments

Shares in major European stock markets fell slightly on Tuesday after the UK parliament suspended. After British lawmakers rejected his call for early elections, Prime Minister Boris Johnson reiterated that he would not ask the EU to extend Britain's exit from the EU. On the data front, UK unemployment statistics are expected to be released shortly after the market opens.

Johnson refuses to postpone Brexit after Bartlett rejected the election

In the Brexit, UK Prime Minister Boris Johnson reiterated that he would not ask the EU to postpone Brexit on October 31 after parliament rejected his proposal for early general elections in October. Johnson insisted that "this government will not delay the Brexit", although lawmakers passed a law requiring it to request the extension of Article 50 unless the government concludes an agreement with the EU in time to ensure Brexit on October 31.

British Prime Minister Tony Blair said his government would "continue to negotiate a deal" during the five-week suspension of parliament, which is due to begin today.

The UK formally suspends Parliament for 5 weeks

The UK Parliament was officially closed after the House of Lords addressed the House of Commons Speaker John Birko and ordered the concession until October 14. Birko returned to the House of Commons to inform deputies that the Lords had agreed to suspend Parliament. Many Labor MPs held banners saying "silence." The opposition has accused the UK prime minister of suspending parliament in a bid to block debate over Brexit and impose any deal. Earlier, Johnson insisted that he would not seek to postpone Brexit even though lawmakers passed legislation requiring him to do so if no agreement was reached with the EU.

European stock openings
  • The FTSE 100 fell 0.30% at the opening bell
  • The DAX fell 0.12%.
  • The French CAC 40 fell 0.06%.

The euro was steady against the US dollar, trading at 1.10503 at 8:59 CET, while the pound was up 0.17% to 1.23662 against the dollar at the same time.


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