Investing.com - Financial Markets Worldwide
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

European shares climb in early trading on Brexit day

Published 01/31/2020, 04:36 PM
Updated 01/31/2020, 04:40 PM
European shares climb in early trading on Brexit day
SABE
-
STOXX
-
SXPP
-
SXTP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Jan 31 (Reuters) - Gains in airlines and mining stocks
helped European shares rise in early trading on Friday, on a day
the United Kingdom officially ends its 40-year membership of the
EU.
The pan-European STOXX 600 .STOXX , which was up 0.3% by
0811 GMT, was still looking at its second straight weekly
decline on concerns about the coronavirus outbreak in China
which has now taken more than 200 lives.
Investors also took heart that the World Health Organization
(WHO) stopped short of travel and trade restrictions with China,
even as it declared the virus outbreak a global emergency.

Travel and leisure .SXTP as well as the mining .SXPP
subsector, which are among the worst hit European subindexes
this week, outperformed.
Spain's Banco Sabadell SABE.MC tumbled 7.3% after the
lender swung to a loss in the fourth quarter from a profit a
year earlier due to higher-than-expected bad loan provisions and
losses at its British unit TSB. Brexit day, which comes three and a half years after the
United Kingdom first voted to leave the bloc, is not expected to
move markets, analysts said.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.