11/28/2019, 9:00 AM (Source: TeleTrader)
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Europe opens lower on Brexit, trade

Major European stock markets started Thursday's trading session lower as investors remained focused on Brexit and trade-related news. Governor of the Bank of France Francois Villeroy de Galhau warned that the United Kingdom's withdrawal from the European Union will have a negative impact on "everyone." In business, Tata Steel Ltd. announced it will cut around 3,000 jobs worldwide, with most of the layoffs happening in the Netherlands and UK. On the data front, reports on Eurozone and Germany's consumer confidence and the bloc's business climate are set to be released later during the day.

The FTSE 100 lost 0.09% at the opening bell as Johnson Matthey plc slid 3.14%. The DAX decreased 0.29%. Henkel AG & Co. KGaA tumbled 0.66%. The CAC 40 was virtually flat, with Pernod Ricard dropping 0.90%

The euro traded 0.10% higher against the greenback at 8:59 am CET, going for $1.10115. The pound gained 0.29% to sell for 1.29437 dollars.

Breaking the News / MD