European stocks opened lower Tuesday morning after U.K. Prime Minister Boris Johnson lost a second bid to hold an early election but reiterated his pledge to leave the EU on October 31. Investors also have one eye on an impending meeting of the European Central Bank (ECB), with markets hopeful of a monetary stimulus package later this week.
The pan-European Stoxx 600 slipped 0.2% after the opening bell, utilities leading losses with a 0.6% fall while autos and banks were the main gainers, adding 0.5% each.
Johnson vowed Tuesday that he would not request an extension to Brexit, hours after a new law came into force demanding that he delay Britain's departure from the EU until January 2020 unless he can secure a new Withdrawal Agreement with the bloc.
Investor focus is also attuned to an impending ECB decision, with markets hoping for a fresh stimulus package to be announced Thursday in a bid to boost the beleaguered euro zone economy.
Source : CNBC