EU stocks manage to hold to gains despite Brexit uncertainty

The Stoxx 600 is trading 0.6% above its opening levels today, with the mainstream resource and banking sectors jumping over 2%, while healthcare fell 0.2%.

In the UK, PM Boris Johnson failed to carry out the key vote on a Brexit deal recently agreed with Brussels. John Bercow prevented the vote. This happened after BoJo was required to extend the current October 31 deadline.

It remains to be seen whether the EU will accept the request contained in Johnson’s unsigned letter, which could postpone the divorce date until January 31 and open the door to the UK until new elections. Some leaders in the bloc have said that giving more time to the UK is a good thing.

The pound recovered its early losses and traded at a small profit against the dollar, at levels of 1.2986.

 Trader Aleksandar Kumanov

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