country flagالعربية

European markets continue to decline during early trading

2019-03-06 12:06 pm | Resource: NEWS | No Views : 165

European stocks continued to fall in the primary market and opened mostly in the red zone on Wednesday as uncertainty continued over Britain's exit from the European Union.

Earlier reports showed that the United Kingdom may have to postpone its trip from the EU even if Prime Minister Teresa May's agreement was accepted. On the other hand, investors encouraged Italian Deputy Prime Minister and Minister of Labor and Industry Luigi de Mayo to announce that Italy will reach the growth target for 2019.

  De Mayo will meet the growth target for 2019

Italian Deputy Prime Minister and Minister of Labor and Industry Luigi de Mayo said on Thursday that his country would meet the growth target for 2019, according to local media. Meanwhile, Italian Senate and Finance Committee member Alberto Bagnay stressed that planned growth would reduce Of concerns in the management of Brussels.

Last week, Prime Minister Giuseppe Conte said he expected growth in the second half of 2019 as his government worked towards stabilizing the economy.

London to impose tariffs in the absence of an exit package

British Trade Minister Greg Clark said on Wednesday that London would set its final tariff policy if it leaves the EU without an agreement. The minister, speaking on BBC Radio, stressed that UK exports would face EU tariffs in the event of a non-dealing scenario, which would lead to London's response to similar measures. Clark also predicted that industries in the UK would fall if tariffs were put into effect.

"This will only happen if we leave without an agreement on March 29," Clarke said. "So in these circumstances, work on developing these tariff schedules will continue and finalize, but it will be published, as soon as we know we will leave without a deal on March 29."

Earlier in the day, reports emerged that London would have to delay Britain's exit from the EU even if the Green House of Commons shines Prime Minister Teresa Mae's agreement because there is not enough time to pass the necessary legislation before the planned divorce from Brussels on March 29.

European Stocks Open
  • The FTSE 100 rose 0.18% at 09:15 CET.
  • However, the DAX fell 0.26% at 9:16 CET.
  • While the CAC 40 index was 0.12% at 9:03 CET.

The euro was steady against the dollar to reach 1.13055 at 9:16 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.