Europe gains amid Brexit mayhem as focus shifts to earnings’


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Europe gains amid Brexit mayhem as focus shifts to earnings’

On Monday, the 21st of October 2019, a basket of European bourses put an end to a three-day long losing streak, as investors seemed to be sticking on to hopes that the United Kingdom would somehow avert a no-deal or a disorderly divorce from the European Union, while a flurry of upbeat corporate earnings’ updates for Q3, 2019, alongside riant comments from US President Donald Trump on Sino-US trade talk had added to investors’ optimism.

Besides, amid a Brexit bedlam, widely remarked as the UK’s worst economic downturn since the post-World War II meet of Britton Woods in 1944, the regional Pan-European STOXX 600 added 0.6 per cent following release of media headlines that House of Commons’ speaker John Bercow had refused a PM Johnson’s request to allow another vote on his Brexit divorce deal, while referring to market optimisms over an imminent Brexit move to one way or another, head of research at asset manager, Henderson Rowe, Rupert Thompson said on Monday’s (October 21st) market round off, “The chances of a deal one way or the other are higher than they were two weeks ago, which is why the market is not falling back.

The way it would be, we’re more than half way through if you actually saw the deal being approved by the Parliament. ” Quoting statistics, on Monday’s (October 21st) market wrap-up, London’s FTSE 100 soared 0.18 per cent to 7,163.81, while French CAC 40 rose 0.21 per cent to 5,648.35 and Germany’s trade-sensitive benchmark DAX 30 index surged 0.91 per cent to 12,747.96 over Sino-US trade optimism.

Elsewhere in the Europe, Madrid’s IBEX 35 gained 0.78 per cent to 9,402.30, while Italy’s MIB FTSE wrapped up the day 0.15 per cent higher to 22,516.67.