European stocks' rally stalls, Brexit impasse weighs

- European shares were muted on Tuesday following their strongest two-day rally since January, as Brexit uncertainty clouded sentiment with Britain’s parliament deadlocked over its exit from the European Union.

The strong data from two of the world’s largest economies followed concerns over slowing global growth that resurfaced after the U.S. Federal Reserve abandoned plans for interest rates hikes this year in a surprise move last month. May is due to hold five hours of cabinet meetings with senior ministers on Tuesday to plan the government’s next moves.

Hindering the pan-region index’s rise were declines in the telecom sector, the worst sectoral performer this year, and basic resources, which slipped after five sessions of gains. In contrast, Wizz Air Holdings climbed 4 percent after low-cost airline forecast full-year profit in the upper half of target range.

Brexit is going to exit very soon.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European rather than UK stocks would suffer more in a no-deal Brexit, fund manager saysThe shares of European firms outside of Britain would suffer more in the event of a poorly executed Brexit, a strategist told CNBC Tuesday. Pretty damn obvious! Brexit argument gets lost in real problem. Mass over government, EU money pit with 40000 plus bureaucrats adding to excess in Westminster. Why do we need them to excess?
Source: CNBC - 🏆 12. / 72 Read more »