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European stocks seen slightly lower on revived no-deal Brexit fears

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European stocks were seen slightly lower on Wednesday following U.K. Prime Minister Boris Johnson's vow to block an extension of EU trade talks beyond 2020, reviving fears of a 'cliff-edge' Brexit.

Johnson on Tuesday used the power of his newly won parliamentary majority to set a hard deadline of December 2020 to reach a new trade deal with the EU, with the U.K. set to leave the bloc by January 31, in a bid to strong arm the bloc into hastening an accord.

data revealed a sharp fall in exportsWith a phase one U.S.-China trade deal now agreed, Reuters reported Tuesday that U.S. President Donald Trump's administration is finalizing a set of narrow rules limiting exports of sophisticated technology to China and other adversaries. U.S. tech companies may receive some reprieve having feared a more stringent crackdown.

 

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What we need here....is some China talks going well Phase 2 optimism.

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