Brexit Offers Investors More Earnings Before Christmas



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European exchanges with little profit in shorter sessions

European stocks continue in positive territory, but mark limited gains, in a session that will be shorter (negotiations end at 1:00 p.m. in Lisbon) and with many investors absent due to the Christmas festivities.

Stoxx600 values ​​0.16% at 396.12 points, after two closing sessions with gains above 1%. Among the national indices, the gains are also very contained, being that in Lisbon the PSI-20 already devalues ​​0.16% after having started high.

The positive trend of the indices is justified by the confidence that London and Brussels are about to announce that the agreement prevents an uncontrolled Brexit from 1 January, since a commercial and political agreement between the United Kingdom and the Union is established European.

European Union officials said the UK and the bloc are close to reaching a post-Brexit trade deal, with one official even saying the talks have now entered the “final stage.”

There will even be a conference this morning by Boris Johnson to formalize the deal. However, according to Reuters, there are still details to be resolved regarding fishing on British soil.

The financial sector is the one that benefits the most from a Brexit agreement, making Stoxx Banks one of the sectorial indices that it values ​​the most (+ 0.49%).



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