EC blocks London Stock Exchange's £22bn merger; pound slips back


European markets move higher on Brexit trigger day

Shrugging off the worries about the outcome of the Brexit talks which can now get underway, most European markets managed end the day positively. Germany’s Dax hit a new two year high and came within 200 points of its all time high of 12,392 reached in April 2015. The FTSE 100 was helped by the weakness in the pound following the triggering of Article 50, and even an early fall on Wall Street failed to pull European shares lower. The final scores showed:

  • The FTSE 100 finished up 0.41% or 30.30 points at 7373.72
  • Germany’s Dax rose 0.44% to 12,203.00
  • France’s Cac climbed 0.45% to 5069.04
  • But Italy’s FTSE MIB fell 0.26% to 20,276.8
  • Spain’s Ibex ended 0.21% lower at 10,367.6
  • In Greece, the Athens market added 0.61% to 668.55

On Wall Street, the Dow Jones Industrial Average is currently down 58 points or 0.28%.