5/22, 9:16 AM (Source: TeleTrader)
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Europe starts mixed amid Brexit developments

Major stock markets in Europe traded mixed early on Wednesday after United Kingdom Prime Minister Theresa May announced her new Brexit proposal set to be brought to the House of Commons early next month. The proposal includes a vote on a possible second Brexit referendum, which reportedly led Tory backbenchers to try to speed up May's resignation process.

Meanwhile, Chinese telecommunications giant Huawei Technologies Co. Ltd. said that it is coming out with its own operating system as early as this fall. The decision comes after Google cut off Huawei from its apps and major security features.

The FTSE 100 increased by 0.45% at 9:15 am CET. The DAX dropped 0.11% at 9:15 am CET. The worst early performers were Lufthansa AG, which declined 1.59% at 9:16 am CET, and Deutsche Bank AG, falling 1.40% at 9:17 am CET. The CAC 40 was down 0.08% at 9:15 am CET led by Arcelormittal losses of 0.37% at 9:26 am CET. The euro was 0.06% lower compared to the dollar, selling for 1.1153 at 9:17 am CET.

Breaking the News / SS