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European stocks diverged after the EU bid to delay Brexit

2019-03-22 08:44 am | Resource: News | No Views : 166



 European markets were mixed early on Friday after the European Union confirmed it had agreed to delay Britain's exit from the EU to London.

The United Kingdom will be allowed to postpone departure from the EU until May 22 if the House of Commons approves Prime Minister May's deal. If lawmakers reject a third-time withdrawal, Britain's exit from the EU will continue until April 12. At the same time, the PMI figures are expected to be released in the European Union and Germany later in the day.

Deutsche Bank is vowing to cut jobs and is seeing a surge in sales

Deutsche Bank AG was called on the pre-market market on Friday after publishing a comprehensive report last year and gave relatively optimistic guidance. He proposed a dividend of 0.11 euros per share. The German bank, which is currently discussing a possible merger with local rival Commerzbank, said it had cut its staff by 5.9% to 91,737 and would tend to reduce the number to less than 90,000.

On the other hand, revenues this year saw a slight increase, with improvements in corporate and investment banking, fixed income, currencies and equities.

The change in compensation funds fell by 14 percent to 1.9 billion euros in 2018, partly due to layoffs, and the total fell to 10.6 billion euros from 11.1 billion euros, the report said. The target return on tangible property rights, or RoTE, has been maintained by more than 4%. The management claimed that its strategy depended on "controlled growth" and was on track to improve.

Christian Thierry, CEO and Chairman of the Board, earned 7 million euros compared to a jump of 86.9% to 55.7 million euros in total for managers.

European Stocks Open
  • In London, the FTSE 100 fell 0.19% at 9:15 CET.
  • The DAX index in Frankfurt rose 0.35% at the same time led by the Wirecard gain of 2.72% at 9:16 CET.
  • At the same time, the CAC 40 index in Paris was 0.24% at 9:15 am CET.

The euro was steady against the dollar, where it was sold at 1.1372 at 9:16 am.


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