European stocks end mostly lower on mixed earning, Brexit uncertainties

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European stocks end mostly lower on mixed earning, Brexit uncertainties

On Tuesday, the 22nd of October 2019, mixed earnings’ report alongside a tortuous Brexit had been keeping European stocks on check, while London’s midcap stocks were languishing lavishly from growing scepticisms on a likely defeat of UK Government’s Brexit bill on Tuesday (October 22nd).

Meanwhile, addressing that the European traders were bracing for a weaker quarter amid a horrendous global growth outlook, an associate director of research at WisdomTree, Aneeka Gupta said on Tuesday’s (October 22nd) market wrap-up, “We expect it to be a weak quarter and have already priced that in because we are seeing a slowdown in the macro outlook.

” Nonetheless, on Tuesday’s (October 22nd) market round off, the regional Pan-European STOXX 600 finished 0.1 per cent higher, while a weaker pound had helped London’s currency-oriented FTSE 100 to outperform with a gain of 0.7 per cent.

Aside from that, FTSE 100 had also received a heavy boost from a 24 per cent upsurge in food delivery Just Eat following a $6.3 billion all-cash acquisition bid from Dutch internet service conglomerate Prosus, while Germany’s DAX alongside French CAC 40 had winded down the day slightly higher.

Quoting statistics, on Tuesday’s (October 22nd) market closure, London’s FTSE 100 rose 0.80 per cent to 7,225.14 and Germany DAX 30 had ended the day a penny higher to 12,754.69, while French CAC 40 inched lower to 5,653.82 on Tuesday’s (October 22nd) market wind down.

Elsewhere in Europe, Madrid’s benchmark IBEX 35 index was tottered 0.30 per cent to 9,382.10, while Italy’s MIB FTSE gained 0.13 per cent to curtain off Tuesday’s market at 22,523.72.