Friday, 18 October 2019

Markets mixed amid renewed Brexit deal hope

Markets were mixed on Thursday.

The S&P 500 rose 0.3 percent, the STOXX Europe 600 dipped 0.1 percent and the Shanghai Composite fell 0.1 percent.

European stocks made early gains on the back of an announcement that the European Union and Britain had clinched a deal on the terms of Britain’s exit from the bloc but eventually closed lower.

“Unfortunately, it is too early,” said Michael Bell, Global Market Strategist at JP Morgan.

“It remains to be seen whether the reaction is short-lived as the politicians go toe-to-toe again at the weekend,” said Richard Hunter, head of markets at Interactive Investor.

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