REFILE-European shares nudge higher as Brexit tussle continues


Reuters | Updated: 21-10-2019 13:39 IST | Created: 21-10-2019 13:09 IST
REFILE-European shares nudge higher as Brexit tussle continues
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European shares opened slightly higher on Monday, indicating that investors remained hopeful that Britain would be able to avoid a disorderly exit from the European Union, even as British lawmakers delayed a crucial vote on the withdrawal agreement.

The British government insisted on Sunday the country will leave the European Union on Oct. 31 despite a letter that Prime Minister Boris Johnson was forced by parliament to send to the bloc, requesting for a Brexit delay. The pan-European STOXX 600 index rose 0.2% after finishing nearly flat last week, hurt by some weak quarterly results and conflicting Brexit headlines.

London's blue-chip FTSE 100 was up 0.3% as export-heavy firms benefited from a weakness in the pound, while the domestically focused mid-cap index dropped 0.3%. Tomra Systems gained 12% after reporting strong quarterly results, including an all-time high order intake.

Wirecard rose 4.6% after the German payments company said it had hired KPMG to conduct an independent audit to address allegations by the Financial Times, that its finance team had sought to inflate its reported sales and profits. On the other hand, the Berlin government's move to freeze rents put real estate companies such as Deutsche Wohnen , Ado Properties and Vonovia under pressure.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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