Markets

European stocks fall for the second straight session

2019-09-10 12:15:59 GMT (Economies.com)

European stocks opened lower today, for the second session on profit taking from the 6-week highs reached yesterday, amid Brexit uncertainty, especially after BPM Boris Johnson pledged not to extend the Brexit for another three months.

 

As of 10:50 GMT, Stoxx Europe 600 Index fell by 0.3%, while the index closed lower by 0.3% yesterday, its first loss in the last four days, on profit taking.

 

The index opened lower today, to extend its losses for the second day on profit taking from the 6-week highs reached yesterday, with most of the European markets and sectors falling.

 

British Prime Minister Boris Johnson pledged today not to request from the EU to extend the Brexit deadline for a new period of time, which came after a new law requiring the Brexit to be delayed until January 31, 2020, unless a final agreement with Brussels is reached.

 

The House of Commons rejected early in today's morning the second attempt by Boris Johnson to hold early general elections on October 15th.

 

In terms of trading, S&P 500 futures fell by 0.4%, while it closed yesterday in Wall Street stable, after it hit earlier the highest level in a month and a half.

 

Euro Stoxx 50 index fell by 0.3%, in France the CAC 40 fell by 0.5%, while Germany's DAX fell by 0.1%, and in London, the FTSE 100 fell by 0.2%.

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