European Stocks Open Lower as Brexit Hits Another Roadblock

Wednesday, 23 October 2019 14:20 WIB

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European stocks opened lower Wednesday morning after British lawmakers forced Prime Minister Boris Johnson to pause the progression of his Brexit deal.

The pan-European Stoxx 600 fell 0.4% at the opening bell, tech stocks dropping 1.4% to lead losses on the back of a bleak Texas Instruments revenue forecast as nearly all sectors traded in negative territory.

Lawmakers on Tuesday night voted in principle for Johnson's Withdrawal Agreement Bill to proceed through parliament, but rejected the prime minister's plans to get it approved within three days, which offered a limited time frame for MPs to review the legislation.

Source : CNBC


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