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European stock exchanges diverged and focus on the brexit

2019-03-21 09:27 am | Resource: News | No Views : 146

The main stock markets in Europe diverged early on Thursday ahead of the main meeting of the European Council. EU leaders are due to discuss the request sent by British Prime Minister Teresa May yesterday to delay Britain's exit from the EU until June 30.

However, as recent reports indicate, there is no agreement in Brussels on the extension and most member states will insist on May 22 deadline due to the scheduled European Parliament elections.

The Bank of England is due to announce its interest rate decision later today.

Merkel: Getting organized is in everyone's interest

German Chancellor Angela Merkel said before the European Council meeting on Thursday that Britain's exit from the European Union was in the interest of the United Kingdom, Germany and all other members of the European Union. Merkel pointed out that the European Union had taken action in the event of the "collapse" of the British block without an agreement, but still wants to do everything in its power to avoid the scenario of disagreement and ensure that the emergency plan is not needed.

According to the German Chancellor, the "very difficult" issue in Ireland represents the biggest obstacle to Britain's exit from the EU. However, it insisted that it believes that "necessary" measures to maintain the integrity of the single market but also to ensure that there are no solid limits in Ireland have been covered under the current withdrawal agreement.

Earlier, European Council President Donald Tusk warned that the EU would only allow the UK to delay Britain's exit from the EU, probably until May 22, if the British parliament approves the withdrawal agreement. If the EU refuses to postpone Britain's exit from the EU, the UK will leave the bloc without an agreement on March 29.

European Stocks Open
  • The CAC 40 index fell 0.17% at 9:15 CET.
  • The FTSE 100 rose 0.21% at 9:14 CET. Fresnillo Plc rose 4.62% at 9:14 am CET.
  • The DAX index was down 0.58% at 9:15 am and Deutsche Bank was the worst performer, losing 3.69% at 9:16 am CET.

 The euro fell 0.06% against the dollar, rising to 1.1406 at 9:17 CET.

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