Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,927.2555.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

European shares nudge higher as Brexit tussle continues

The pan-European STOXX 600 index rose 0.2 per cent.

Reuters|
Oct 21, 2019, 01.27 PM IST
0Comments
Getty Images
European shares
Tomra Systems gained 12 per cent after reporting strong quarterly results, including an all-time high order intake.
European shares opened slightly higher on Monday, indicating that investors remained hopeful that Britain would be able to avoid a disorderly exit from the European Union, even as British lawmakers delayed a crucial vote on the withdrawal agreement.

The British government insisted on Sunday the country will leave the European Union on Oct. 31 despite a letter that Prime Minister Boris Johnson was forced by parliament to send to the bloc, requesting for a Brexit delay.

The pan-European STOXX 600 index rose 0.2 per cent after finishing nearly flat last week, hurt by some weak quarterly results and conflicting Brexit headlines.

London's blue-chip FTSE 100 was up 0.3 per cent as export-heavy firms benefited from a weakness in the pound, while the domestically focused mid-caps index dropped 0.3 per cent.

Tomra Systems gained 12 per cent after reporting strong quarterly results, including an all-time high order intake.

Wirecard rose 4.6 per cent after the German payments company said it had hired KPMG to conduct an independent audit to address allegations by the Financial Times, that its finance team had sought to inflate its reported sales and profits.

On the other hand, the Berlin government's move to freeze rents put real estate companies such as Deutsche Wohnen , Ado Properties and Vonovia under pressure.

Also Read

Brexit basics: What is Brexit and why does it matter?

Boris Johnson faces perilous Brexit ratification after Brexit deal vote blocked

Gold edges down as investors await clarity on Brexit

Gold holds ground as investors await clarity on Brexit

EU lawmaker backs 3-month Brexit extension

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service