Wednesday 13 March 2019

Markets mixed, Brexit in focus

Markets were mostly higher on Tuesday.

The S&P 500 rose 0.3 percent and the Nikkei 225 surged 1.8 percent. However, the STOXX Europe 600 finished marginally lower.

The UK's impending exit from the European Union was a focus of attention. While investors were initially encouraged by UK Prime Minister Theresa May and EU leaders reaching a deal on Brexit on Monday, the deal was subsequently rejected by the UK Parliament on Tuesday.

In the US, Boeing sank 6.2 percent after several aviation regulators decided to ground its 737 Max aircraft but gains in healthcare and utility stocks kept the overall market up.

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