European markets are expected to open lower on Wednesday after the U.K.'s Brexit deal with the EU was rejected by lawmakers in a landmark defeat for British Prime Minister Theresa May.
Investor attention is firmly focused on the fallout from the U.K.'s decision to reject its Brexit deal with the EU on Tuesday evening. The agreement was rejected by 149 votes after 242 MPs voted for the deal and 391 MPs voted against it. Speaking after the result, May said she regretted the decision taken by the House of Commons ."I continue to believe that by far the best outcome is that the U.K. leaves the EU in an orderly fashion with a deal, and that the deal we have negotiated is the best and indeed the only deal available," she told lawmakers.
In other news, the U.S. continues to stand by Boeing as investigations continue into the cause of the Ethiopian Airlines crash on Sunday in which 157 people on board died. Aviation regulators around the world, including China, Britain and the EU, have grounded all operations of Boeing 737 Max planes following the crash but the U.S. Federation Aviation Authority has said it will not suspend the planes' operation despite mounting pressure.
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