European stocks waver in opening trades, Brexit jitters weigh

Dhwani Mehta FXStreet

Markets remained on the edge this Monday as Brexit-backed uncertainty persisted and weighed on the demand for risky assets somewhat, resulting in a negative start for the European equities.

Germany's DAX 30 index dropped 0.59% to 9,500.28 at the opening bell and now trades modestly flat, while the UK's FTSE 100 index fell 0.99% to 6,078.13 versus -0.39% last minutes. Among the other indices, the French CAC 40 index lost now loses 0.47% to 4,103, while the pan-European Euro Stoxx 50 index recovers to 2,790, up +0.44% so far.

Later today, the Cabinet is set to meet at 0800GMT at Downing Street, with PM David Cameron expected to address Parliament on the fallout from the EU vote at 1330GMT. While ECB President is also likely to make opening remarks at the ECB Forum, in Sintra.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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