European stocks seen slightly lower as Brexit takes center stage

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European stocks seen slightly lower as Brexit takes center stage
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European stocks were expected to open slightly lower Wednesday as investors pause for guidance on the likelihood of an imminent Brexit deal between the U.K. and the EU.

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Brexit negotiations continued into the early hours of Wednesday as U.K. Prime Minister Boris Johnson seeks to hammer out a deal with the bloc ahead of a meeting of European leaders this week.

British news outlets reported Tuesday night that the two parties were on the brink of a deal after the U.K. made concessions to EU demands over the Irish border. A draft deal could be published Wednesday if the details are finalized.which jumped 1.56% in early trade.China threatened countermeasuresEmbattled Hong Kong Chief Executive Carrie Lam on Wednesday ruled out yielding to the demands of pro-democracy protesters as violence escalates across the city.

On the data front, Italian industrial orders for August are due for publication at 9:00 a.m. London time, before U.K. consumer price index inflation figures for September at 9:30 a.m. and equivalent Italian inflation data at 10:00 a.m.

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