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European stocks seen lower as Brexit hits another roadblock

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European stocks were seen opening lower Wednesday morning after British lawmakers forced Prime Minister Boris Johnson to pause the progression of his Brexit deal.

Lawmakers on Tuesday night voted in principle for Johnson's Withdrawal Agreement Bill to proceed through parliament, but rejected the prime minister's plans to get it approved within three days, which offered a limited time frame for MPs to review the legislation.

Focus now turns to the EU for a verdict on whether to grant an extension to the October 31 deadline, a move recommended by EU Council President Donald Tusk, and for how long. Should the deadline be extended to January 31, Johnson could call a general election in a bid to consolidate his mandate, with his ruling Conservative Party leading in the polls.reporting rising third-quarter revenues before the bell on Wednesday despite a gloomy outlook for the auto market. Revenue rose to 15.58 billion euros from 15.43 billion euros a year earlier. The French carmaker expects automotive markets to decline by 1% in Europe, 5% in Latin America and 7% in China.

 

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Brexit is a moronic concept for all involved, with the exception of Putin.

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