1/10/2019, 5:35 PM (Source: TeleTrader)
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Europe ends mixed as Brexit debate goes on

European stock markets finished the Thursday trading session on a mixed note as the Brexit deal debate in the United Kingdom's Parliament enters its second day, with still no signs that Prime Minister Theresa May will be able to secure MPs' approval for her withdrawal agreement. Earlier today, Labour party leader Jeremy Corbyn called for a general election to be held "at the earliest opportunity" in order to "break the deadlock" caused by Brexit.

Meanwhile, Jaguar Land Rover announced today it will cut 4,500, most of which will be office jobs in the UK, while Ford unveiled a strategy to lower structural costs and improve profitability, which may impact thousands of workers in Europe. Also today, the European Commission announced an in-depth probe into Nike's tax rulings which were granted by the Netherlands.

The FTSE 100 finished the session 0.33% higher, with Fresnillo the best performer. The DAX added 0.08% to remain in the positive territory, buoyed by Fresenius healthcare company. Meanwhile, the CAC 40 was 0.39% lower at the closing bell, weighed down by Kering. The euro lost 0.35% against the dollar to sell for 1.1514 at 5:34 pm CET, while the pound fell 0.30% versus the US currency to go for 1.2765 at the same time.

Breaking the News / FH