European stocks seen mixed after record rally; UK's Johnson revamps hard Brexit threat

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European stocks were set for a mixed open Tuesday morning as investors search for direction following a worldwide rally on the back of a 'phase one' U.S.-China trade deal.

The pan-European Stoxx 600 ended Monday's trading session at an all-time high, surpassing 418, after Washington and Beijing announced on Friday that an agreement had been reached and would be signed in January. However, some detailsAsian stocks continued to ride buoyant investor sentiment into Tuesday's session, with mainland Chinese, South Korean and Hong Kong shares all bouncing by around 1%.

With the U.K. set to leave the bloc before January 31, Johnson will use his newly-secured majority in parliament to outlaw any extension to the Brexit transition period beyond the end of 2020, Reuters reported.

 

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