European shares nudge higher as Brexit tussle continues

Credit: REUTERS/KAI PFAFFENBACH

European shares opened slightly higher on Monday, indicating that investors remained hopeful that Britain would be able to avoid a disorderly exit from the European Union, even as British lawmakers delayed a crucial vote on the withdrawal agreement.

Corrects to fix typo in first paragraph

Oct 21 (Reuters) - European shares opened slightly higher on Monday, indicating that investors remained hopeful that Britain would be able to avoid a disorderly exit from the European Union, even as British lawmakers delayed a crucial vote on the withdrawal agreement.

The British government insisted on Sunday the country will leave the European Union on Oct. 31 despite a letter that Prime Minister Boris Johnson was forced by parliament to send to the bloc, requesting for a Brexit delay.

The pan-European STOXX 600 index .STOXX rose 0.2% after finishing nearly flat last week, hurt by some weak quarterly results and conflicting Brexit headlines.

London's blue-chip FTSE 100 .FTSE was up 0.3% as export-heavy firms benefited from a weakness in the pound, while the domestically focused mid-caps index .FTMC dropped 0.3%.

Tomra Systems TOM.OL gained 12% after reporting strong quarterly results, including an all-time high order intake.

Wirecard WDIG.DE rose 4.6% after the German payments company said it had hired KPMG to conduct an independent audit to address allegations by the Financial Times, that its finance team had sought to inflate its reported sales and profits.

On the other hand, the Berlin government's move to freeze rents put real estate companies such as Deutsche Wohnen DWNG.DE, Ado Properties ADJ.DE and Vonovia VNAn.DE under pressure.

(Reporting by Agamoni Ghosh in bengaluru; Editing by Shounak Dasgupta)

((Agamoni.Ghosh@thomsonreuters.com; +918067491130; Reuters Messaging: Agamoni.Ghosh.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More