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European stocks opened higher Monday morning as investors monitor ongoing political chaos in the U.K. and cautious hopes for policy stimulus from the world's major economies after a series of weak data releases.
The pan-European Stoxx 600 climbed 0.2% in the early minutes of trading, oil and gas stocks adding 0.7% after reports of possible further U.S. sanctions on purchasers of Iranian oil, while the food and beverage sector slid 0.3%.
British newspaper the Daily Telegraph reported late on Sunday that Prime Minister Boris Johnson has prepared a legal strategy to counter opposition lawmakers’ attempts to enforce a three month extension to the U.K.'s Brexit deadline if no deal is agreed by October 31.
Source : CNBC