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8/30/2018, 9:05 AM (Source: TeleTrader)
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Europe opens lower despite possible Brexit breakthrough

European stock markets started the Thursday trading session with losses despite a possible breakthrough in Brexit talks yesterday, with EU's chief negotiator Michel Barnier saying that the bloc is ready to offer the United Kingdom a partnership as "has never been with any other third country." However, Barnier pointed out earlier today that the EU must prepare for all options, including a possibility of a no-deal Brexit. Meanwhile, Canada started negotiations to join the trade deal agreed earlier this week by the United States and Mexico, with the country's Foreign Minister Chrystia Freeland expressing satisfaction with the progress made so far.

The FTSE 100 was down 0.30% at the start of the session, with St. Jame's Place wealth management company the worst performer. The DAX began trading with a 0.38% loss, weighed down by Fresenius Medical Care. Meanwhile, the CAC 40 was 0.14% in the negative territory at the opening bell, with Unibail-Rodamco leading the losses.

The euro was little changed against the dollar, selling for 1.1711 at 9:04 am CET, while the pound gained 0.11% versus the greenback to go for 1.3040 at the same time.

Breaking the News / FH