European stocks close lower as investor sentiment remains cautious
European markets closed in negative territory on Thursday as investors remained cautious in the face of Brexit and Italy budget difficulties in Europe.
The pan-European Stoxx 600 ended lower by 0.65 percent, with all major indexes in negative territory.
European markets traded in negative territory on Thursday as investors remained cautious in the face of Brexit and Italy budget difficulties in Europe, and wider geopolitical tensions.
By the end of the trade, the pan-European Stoxx 600 was down 0.65 percent, with all major country indexes in negative territory.
In terms of sectors, Travel & Leisure stood alone as a winner, up 0.32 percent. Basic Resources was the worst activity sector, down 1.55 percent.
Looking at individual stocks, Centrica finished down nine.02 percent. This when the owner of British Gas lost 372,000 home energy accounts in four months amid rising competition.
The board of Japanese machine big Jewish calendar month has voted to get rid of Hector Hevodidbon Ghosn from the role of Chairman and Representative Director.
Nissan aforesaid on its website Mon that it'll currently kind associate degree informative committee to propose nominations from the board of administrators for Ghosn's replacement. A separate committee to review Nissan's governance and govt pay is added to be created.
Brexit progress continues to dominate European headlines on a weekday. Sterling jumped one.2 p.c when GB and EU political leaders in agreement in theory to a text taking off their future relationship. European Commission President Jean-Claude Juncker aforesaid weekday, "The Commission president has knowing Pine Tree State that it's been in agreement at negotiators' level and in agreement in theory at a political level, subject to the endorsement of the leaders."
May aforesaid progress was being created on a draft agreement on future EU-U.K. relations (a separate agreement from the Brexit deal) however European country has vulnerable to vote against the draft Brexit deal if it's neglected of talks on the long run standing of Rock of Gibraltar, a British territory on Spain's southern coast. there's a gathering of EU leaders on Sunday at that they're expected to endorse the draft Brexit deal.
U.K. opposition Labour leader Jeremy Corbyn aforesaid within the House of Commons on the weekday that he deals was the "worst of all worlds."
His comments came presently when the publication of the political declaration on the framework for the U.K.'s future relations with the ECU Union.
Meanwhile, Italy's budget continues to cause a headache for Europe too. With European country refusing to budge on its huge defrayment plans for 2019, the ECU Commission proclaimed on a weekday that it's beginning disciplinary measures against European country that might lead to it being penalized. Investors also are keeping an eye fixed on world trade developments.
Italian banks fell when Deputy Prime Minister Matteo Salvini aforesaid the govt wouldn't turn back on its expansionary 2019 budget law following a rejection by the EU Commission.
Oil costs swaybacked on a weekday when U.S. crude inventories augmented to their highest level since Dec 2017, refueling a lot of issues of a potential oversupply in markets.
U.S. monetary markets are closed on a weekday for the Thanksgiving public vacation and there are not any major earnings weekday. information releases embody preliminary monetary unit space client confidence numbers for a Gregorian calendar month.
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