European stock markets opened lower during the early hours of trade on Monday as traders are paying close attention to the moves in oil and they set up for the next round of Brexit talks in Europe
FTSE 100 index was trading at 7,401 levels, down by 5.60 points, CAC 40 index was trading at 5,071 levels, lower by 32.74 points, while the German DAX was at 12,083 levels, down by 84.54 points. While the pan-European Stoxx 600 was lower by 0.05%
Third rounds of Brexit talks between the UK and the EU’s lead negotiator begin on Monday in Brussels amid signs negotiations have become deadlocked.
Chief EU negotiator Michel Barnier said that the third round of talks must be about "clarification" in terms of where the UK stands on certain issues, including financial settlements.
The UK however is expected to advise the EU to show imagination and flexibility in the upcoming talks, and focus on the two regions' future ties instead of a settlement concerning the UK's exit bill and other divorce dilemmas, according to the leading international news agency.
Investors are paying close watch to the oil moves as sentiment remains on edge after Hurricane Harvey struck the U.S., in particular Texas, over the weekend, causing a number of refineries to temporarily shut down.
Asia Pacific stocks had a mixed start to the week with Hong Kong’s Hang Seng hitting a two-year high while Japan’s Topix edged up 0.1%. Markets in the UK are closed on Monday for a bank holiday..
FTSE 100 index was trading at 7,401 levels, down by 5.60 points, CAC 40 index was trading at 5,071 levels, lower by 32.74 points, while the German DAX was at 12,083 levels, down by 84.54 points. While the pan-European Stoxx 600 was lower by 0.05%
Third rounds of Brexit talks between the UK and the EU’s lead negotiator begin on Monday in Brussels amid signs negotiations have become deadlocked.
Chief EU negotiator Michel Barnier said that the third round of talks must be about "clarification" in terms of where the UK stands on certain issues, including financial settlements.
The UK however is expected to advise the EU to show imagination and flexibility in the upcoming talks, and focus on the two regions' future ties instead of a settlement concerning the UK's exit bill and other divorce dilemmas, according to the leading international news agency.
Investors are paying close watch to the oil moves as sentiment remains on edge after Hurricane Harvey struck the U.S., in particular Texas, over the weekend, causing a number of refineries to temporarily shut down.
Asia Pacific stocks had a mixed start to the week with Hong Kong’s Hang Seng hitting a two-year high while Japan’s Topix edged up 0.1%. Markets in the UK are closed on Monday for a bank holiday..
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