European stocks closed higher Wednesday after British lawmakers defeated Prime Minister Boris Johnson’s government in a vote to seize control of parliamentary business, moving closer to blocking a no-deal Brexit.
The pan-European Stoxx 600 was up 0.9% to 383.18 at the closing bell, basic resources jumping 2.9% to lead gains as all sectors and major bourses traded in positive territory.
In the House of Commons on Tuesday night, MPs voted to allow a bill to block a no-deal Brexit to be introduced, defeating the government by 27 votes as 21 lawmakers from Johnson’s own ruling Conservative party voted with the opposition. Johnson said following the vote that he would table a motion for a general election, but main opposition Labour party leader Jeremy Corbyn said he will not back the early election unless the bill ruling out no-deal is passed first.
Source : CNBC