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European stocks seen lower on Brexit stalemate as investors await ECB meeting

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European stocks were seen 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 ECB, with markets hopeful of a monetary stimulus package on Thursday.

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.

 

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