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European Markets Close Higher After May's Brexit Vote Defeat; Deutsche Bank Up 8%


Wednesday, 16 January 2019 23:42 WIB

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European stocks were slightly higher Wednesday afternoon, with market participants assessing their options after British lawmakers voted against Prime Minister Theresa May's Brexit deal by a crushing margin.

The pan-European Stoxx 600 was up around 0.5 percent at 350.57 on the closing bell, with most sectors and major bourses in positive territory.

Europe's banking index led the gains Wednesday lunchtime, up more than 1.2 percent as some of Italy's notoriously fragile lenders pared some of their recent losses. It comes after a prominent Italian lawmaker reportedly said mergers among some of the country's struggling lenders could help make Rome's banking system more solid. Italy's Unicredit, FinecoBank and Intesa Sanpaolo were trading around 2 percent higher on the news.

Source : CNBC


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