European stocks drop with all eyes on Brexit | Fin24
  • Trump and Tariffs

    Face-to-face trade meetings with China on the horizon.

  • Peter Moyo

    What is next for Old Mutual and its on-and off-again CEO Peter Moyo as legal manoeuverings continue?

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


European stocks drop with all eyes on Brexit

Nov 14 2018 10:58

London - European stocks sank in opening deals on Wednesday after London finally struck a draft agreement with Brussels on the terms of Britain's withdrawal from the European Union.

London's benchmark FTSE 100 index of major blue-chip companies was down 0.6% at 7 012.77 points.

In the eurozone, Frankfurt's DAX 30 lost nearly 0.7% to 11 394.75 points and the Paris CAC 40 shed almost 0.8% to 5 062.44.

British Prime Minister Theresa May will seek her cabinet's approval later Wednesday for a long-awaited divorce deal with the EU, but hardline Brexiteer MPs warned they will seek to block it in parliament.

After months of talks, May announced late on Tuesday that negotiators had finally reached a deal on the terms of Britain's withdrawal from the EU next March.

"We are now at the crunch point for Brexit," said analyst Neil Wilson.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

equities  |  currency  |  markets live  |  markets


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote