Sat. Jan 23rd, 2021

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European markets opens flat with Brexit deadlock in focus

1 min read
Us federal spokesman

European markets are set for a muted open Friday as investors monitor tense negotiations between the U.K. and the European Union.

Britain’s FTSE 100 is seen unchanged at 6,003, Germany’s DAX is set to open around 2 points lower to 5,022 and France’s CAC 40 is expected to inch around 4 points lower to 5,020, according to IG data.

The EU on Thursday urged the U.K. to abandon its plan to renege on the Brexit Withdrawal Agreement and threatened legal action, but U.K. Prime Minister Boris Johnson’s government has vowed to press ahead with its Internal Market Bill, despite acknowledgment that the move violates international law.

In corporate news, Anglo-Australian mining titan Rio Tinto has announced the departure of its CEO and two senior executives following an extensive shareholder campaign focusing on the company’s demolition of two Aboriginal rock shelters.

 

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