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Stocks fell in Europe as Britain pulled out of the European Union

2019-03-26 09:44 am | Resource: NEWS | No Views : 149

  Most European markets fell in early trade on Tuesday, as rising fears of a global recession and looming fears over Britain's pullout from the European Union continued.

 Investment incentives were also limited by rising bond yields in the United States.

At the same time, Britain's exit from the European Union remained at the center of attention after the British House of Commons on Monday approved the amendment of 328 votes to 302 votes, giving deputies the power to take the agenda and the indicative vote on Britain's exit from the European Union.

GfK: German consumer confidence fell in March

The GfK report on Tuesday continued to dampen consumer confidence in Germany in February. Market Research Institute also predicted that the consumer climate index will fall to 10.4 points for April 2019 from 10.8 points recorded the previous month.

However, the report noted that consumer sentiment in March was "somewhat more balanced" than in February.

Economic expectations increased by seven points to 11.2 in March, a temporary increase compared to previous months when they fell five times in a row. The economic mood has lost nearly 35 points over the past year, a marked contrast to economic activity.

At the same time, income expectations were slightly lower, dropping 4.1 points to 55.9 in March, while the buying bias fell 4.2 points to 50.2 points.

  • In Germany, the DAX index fell 0.12%.
  • The French CAC 40 was up 0.20% in the first few minutes of trading.
  • The FTSE 100 index in London fell 0.03%
  • While the Euro Stoxx 50 index fell 0.12%.

The Euro dropped 0.03% against the US Dollar to go at 1.1309 at 9:18 CET.

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