9/2/2019, 9:01 AM (Source: TeleTrader)
more TeleTrader news

Europe opens higher as Brexit remains in focus

European markets started Monday mostly higher as MPs in the United Kingdom revealed they want to introduce legislation to stop a no-deal Brexit. According to MP Nick Boles, lawmakers plan to ask Prime Minister Boris Johnson to ask the bloc for a short Brexit deadline extension, in case Parliament doesn't vote for a no-deal Brexit, or it fails to pass a new Brexit deal. Earlier, however, reports emerged that the dispute over a no-deal Brexit outcome may lead the country to a general election as Johnson threatened to withdraw the whip from dozens of Conservative MPs if they stand behind plans to stop a disorderly withdrawal.

The DAX was 0.13% higher at the open with Deutsche Boerse leading the gains, trading 1.31% in the green. The French CAC 40 rose 0.06% at the start of the session as Kering added 0.65%. Meanwhile, the FTSE 100 jumped 0.38% thanks in part to Micro Focus International soaring 2.99%.

The British pound traded flat against the US dollar, changing hands for 1.21601 at 9:00 am CET.

Baha Breaking the News (BBN) / VP