European stocks fluctuate on UK vote

European stocks fluctuate on UK vote

On Friday, European stocks fluctuated after the UK’s election gave no clear winner on the eve of Brexit negotiations, although a tumble in the British pound provided an edge to stocks in British exporters.

The pan-European STOXX 600 didn’t change, fluctuating throughout the day. Meanwhile, the FTSE 100 demonstrated a 0.8% gain.

Having reached their highest level in almost two years in May, underpinned by sturdy earnings seasons as well as record inflows, EU equities have been heading sideways with traders looking for fresh catalysts to extend the surge.

UK voters dealt Prime Minister Theresa May a terrible blow during a snap election she had called to strengthen her position in Brexit negotiations, ruining her parliamentary majority and also throwing Britain into political turmoil.

British travel stocks along with pub companies sank too. Besides this, the domestically exposed FTSE 250 index went down 0.5%.

 

Similar

European equities dive

On Thursday, European stocks reversed early profits due to the fact UK Prime Minister Theresa May's cabinet was plunged into fresh downtime over Brexit, with cars as well as banking shares leading the divers…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera