European stocks opened mostly lower Wednesday as investors pause for guidance on the likelihood of an imminent Brexit deal between the U.K. and the EU.
The pan-European Stoxx 600 hovered just below the flatline in the opening minutes of trading, with basic resources falling 1.2% to lead losses while healthcare stocks climbed 0.5%.
Brexit negotiations continued into the early hours of Wednesday as U.K. Prime Minister Boris Johnson seeks to hammer out a deal with the bloc ahead of a meeting of European leaders this week.
British news outlets reported Tuesday night that the two parties were on the brink of a deal after the U.K. made concessions to EU demands over the Irish border. A draft deal could be published Wednesday if the details are finalized.
Source : CNBC