No-deal Brexit rejection, affects the markets!

This Thursday morning, after the British parliament dismissed an irregular Brexit, European shares hit a five-month high.

On Thursday evening another vote is expected to delay the departure from the European Union. For this reason markets remain in a cautious mood.

After gains during the previous sessions, Sterling was experiencing a withdrawal and this brought about a reduction in stock prices, with the FTSE 100 lowering 0.1 percent. As the growth of STOXX 600 pan-European increased 0.3 percent at 0817 GMT.

According to Goldman Sachs analysts, the chances of an agreement without Brexit have been reduced by 5 percent. The analysts wrote: “We now see a 60 percent chance (from 55 percent) that a near-variant of the current Brexit Prime Minister agreement has been ratified” .

Lufthansa marked a 11 percent drop in fourth quarter operating earnings,  marking the worst performance in individual markets.

Leonardo Leonardo’s investments yielded the German GEA’s earnings, which was the largest growth in the market, marking an 8.3 percent increase./Investing.com

 

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