European stocks steady before EU summit, ECB rate call

10 Apr, 2019

In initial deals, London's benchmark FTSE 100 index was nearly unchanged at 7,426.89 points.

In the eurozone, Frankfurt's DAX 30 index gained 0.1 percent to 11,864.46 points and the Paris CAC 40 also added 0.1 percent to 5,442.68 compared with Tuesday's closing levels.

European leaders were expected to postpone Brexit once again on Wednesday, when British Prime Minister Theresa May attends another last-ditch summit still without a ratified divorce deal.

May wants to push back Brexit from April 12 to June 30 to arrange an orderly departure, but Brussels fears that will not be long enough and EU leaders are expected to offer a delay of up to a year.

Meanwhile in Frankfurt, the European Central Bank is expected to announce the outcome of its latest monetary policy gathering at 1145 GMT.

Copyright AFP (Agence France-Press), 2019
 

Read Comments