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Europe: Weak data, Brexit woes knock stocks off 1-month high

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[BENGALURU] European shares retreated from a 1-month high on Tuesday as weak US factory data added to worries about global growth, while uncertainty over Britain's chaotic exit from the European Union knocked the FTSE 100 lower after a four-day run of gains. Read more at The Business Times.

Mr Johnson lost his working majority in parliament when one of his Conservative lawmakers defected to the pro-European Union Liberal Democrats.

"If we see continued period of sterling strength, I would expect domestically focused mid-cap FTSE 250 names to outperform. People are currently are quite underweight on the UK names than the more globally exposed large-cap names.

The rising worries encouraged investors to shift away from risky equities to safe-haven assets such as government bonds, resulting in yields on German and Italian 10-year bonds hitting a record low.

 

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