Oil prices rise on Monday    Asian stocks advance on Monday    Gold jumps to new record on Monday    India's Taj brand enters Egypt to operate Cairo's historic Continental Hotel    Egypt jumps 47 places in World Bank's Digital Government Index, ranks 22nd globally    Sovereignty and synergy: Egypt maps a new path for African integration    Gold prices in Egypt surge by over EGP 2,000 in 2025: iSagha    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Egypt proposes direct Cairo-Lilongwe flight and airport rehabilitation in Malawi talks    Al-Sisi meets Kurdistan Region PM Barzani, reaffirms support for Iraq's unity    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Mediterranean veterinary heads select Egypt to lead regional health network    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt partners with global firms to localise medical imaging technology    The Long Goodbye: Your Definitive Guide to the Festive Season in Egypt (Dec 19 – Jan 7)    Egypt flags red lines, urges Sudan unity, civilian protection    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European markets mostly lower as Brexit hits another roadblock
Amwal Al Ghad Published in Amwal Al Ghad on 23 - 10 - 2019

European markets traded mostly lower Wednesday morning after British lawmakers forced Prime Minister Boris Johnson to pause the progression of his Brexit deal.
The pan-European Stoxx 600 fell 0.3 percent in morning trade, tech stocks dropping 1.4 percent to lead losses, on the back of a bleak Texas Instruments revenue forecast, as most sectors traded in negative territory.
Lawmakers on Tuesday night voted in principle for Johnson's Withdrawal Agreement Bill to proceed through parliament, but rejected the prime minister's plans to get it approved within three days, which offered a limited time frame for MPs to review the legislation.
Focus now turns to the EU for a verdict on whether to grant an extension to the October 31 deadline, a move recommended by EU Council President Donald Tusk, and for how long.
Should the deadline be extended to January 31, Johnson could call a general election in a bid to consolidate his mandate, with his ruling Conservative Party leading in the polls.
Earnings in focus
PSA Peugeot Citroen reported rising third-quarter revenues before the bell on Wednesday despite a gloomy outlook for the auto market. Revenue rose to 15.58 billion euros ($17.35 billion) from 15.43 billion euros a year earlier. The French carmaker expects automotive markets to decline by 1 percent in Europe, 5 percent in Latin America and 7 percent in China.
Dutch brewer Heineken trimmed its profit forecast for the year after a drop in third-quarter sales in the Americas, causing its shares to fall 1.6 percent in early trade.
AkzoNobel saw its core profit jump 23 percent in the third quarter and announced a 500 million euro ($556 million) share buyback, leading the stock 1.1 percent higher.
Biggest movers
Pandora shares jumped 12.2 percent to lead the Stoxx 600 in early trade after Carnegie upgraded the Danish jeweler's stock to hold from sell, according to Reuters.
Norwegian financial services group Storebrand climbed 5.8 percent early in the session after strong third-quarter results, while compatriot insurance company Gjensidige Forsikring suffered contrasting fortunes following its earnings report, sliding 5.2 percent to the bottom of the European blue chip index.
Source: CNBC

Clic here to read the story from its source.