European stocks stand still as Brexit impasse sinks in

European stocks stand still as Brexit impasse sinks in

On Wednesday, European stocks generally started flat due to the fact uncertainty dominated as for the UK’s plan to depart from the European Union, while no economic or corporate news turned out to be firm enough to shake the risk-off sentiment that spread from Asia overnight.

As a matter of fact, the pan-European STOXX 600 index headed south by 0.05%, having concluded the trading session 0.06% down on Tuesday because it became clear that Theresa May, UK Prime Minister would 100% lose a key vote in the country’s parliament on her orderly Brexit plan.

As for London's FTSE, it stood still too, heading south no more 0.1% due to the fact the British pound managed to recoup some of its losses from the previous trading marathon. The market value of the British pound accounted for $1.3142 in contrast with the outcome of $1.3060 recorded right after the vote. As for the currency pair EUR/GBP, it inched down to 0.8584.

Among individual equities, stocks in Germany's Adidas demonstrated the worst performance. Eventually, they went down by about 5.5% having announced that supply chain issues would have an impact on its sales surge in the first half of this year, and it’s especially true for North America.

Cash-rich Zara owner Inditex turned out to be another big loser. It headed south by about 4.7% having published annual gains a bit below experts’ expectations.

As for Wirecard, it became the third-biggest dive. Its stocks went down by nearly 4.3% due to the fact the company suspended an accounting staff member in Singapore against the backdrop of allegations of fraud as well as creative accounting.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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