country flagالعربية

European stocks are down and looking for brexit developments

2019-01-28 09:47 am | Resource: NEWS | No Views : 210

 Markets across Europe fell in the red zone on Monday during early trading in major cities as investors were waiting for new developments regarding the outlook for the UK exit.

It has been reported earlier that UK conservative legislators have indicated some flexibility and creativity coming from the EU regarding Britain's withdrawal.

Earlier, Irish Deputy Prime Minister Simon Covigny said his country and the European Union agreed that there would be no change to support aimed at preventing the difficult border with Northern Ireland after Britain's exit from the European Union.

May excludes access to any deal
 British Prime Minister Teresa Mae has told cabinet ministers she will not allow Britain to leave the EU without reaching an agreement, but she is not prepared to rule out any public deal because she fears it will affect negotiations with Brussels, the Sun newspaper reported. .

"The prime minister has made it very clear that it will not go without a deal," a source in the cabinet told the newspaper.

Meanwhile, former Foreign Secretary Boris Johnson wrote in the Telegraph newspaper that Mai plans to renegotiate Northern Ireland. Johnson said Mae was planning to fight for a "freedom clause" from Brussels and give the United Kingdom an opportunity to negotiate a Canada-style trade deal with the European Union.

Vodafone begins to repurchase 1.5 billion pounds

Vodafone announced on Monday it would start its "irrevocable and irrevocable" stock repurchase program, which will be around £ 1.5 billion. The company will purchase up to 799.1 million shares at £ 1.80 per share, which will be held in treasury shares.

The program will be funded from the proceeds of Verizon Communications' loan from Vodafone, which the telecom group has received in two tranches as part of the sale of its 45 percent stake in Verizon Wireless five years ago. Vodafone received $ 2.5 billion in May 2018 following the redemption of the second tranche of the bonds, the statement said.
Vodafone rose 1.28% on Monday, while its market capitalization posted a loss of about 23% six months ago.

European stocks open
  • The FTSE 100 fell 0.31% at 9:18 am local time for Central Europe, down by the health care and tobacco sectors.
  • The French CAC 40 index fell 0.61% at the same time. Saint Gobain and Credit Agricole were among the biggest losers, dropping 1.24% and 1.45%. at the same time ,
  • The DAX was 0.32% higher in the red zone at 8:59 CET, with the Bayer index falling 1.34%.

The Euro lost 0.17% against the US Dollar to trade at 1.1395 at 09:20 CET.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.