Brexit: PM does not have to ask for extension – Court

The Scottish judge has today announced that the UK Prime Minister Boris Johnson does not have to ask for the extension to the Brexit-deal if there is no deal ready by 19 October.

The EU leaders summit is taking place 17-18 October and some MPs have asked that the UK Government should ask extension to Brexit if the leaders are not able to reach an agreement in order to avoid the no-deal scenario.

This positive sign for possible Brexit deal was welcomed in the markets and FTSE 100 -index closed up 0,59% to 7197 points in London. In Germany the markets closed also up and Dax-index rose 0,70 % to 12097 points. In France the CAC 40 -index closed up 0,61 % to 5521 points.

 

 

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Brexit: May to talk with Juncker on Saturday

UK Prime Minister Theresa May and EU Commission head Jean-Claude Juncker will continue the Brexit-dialoque on next Saturday before the EU Leaders meeting on Sunday. There are still issues like Gibraltar and Fisheries on the agenda.

Mrs May travelled to meet Mr Juncker in Brussels today, but they could not finalize the Brexit-deal yet. According to Reuters, May said the negotiators from both sides would continue working on the text during the week.

– I believe we have been able to give sufficient direction for them to be able to resolve those remaining issues, she said according to Reuters.

Financial markets turned mostly positive today for the first time this week after the tech-stocks decline. For example Apple´s CEO Tim Cook said in an interview this week, that he expects the regulators to give new guidances for tech-companies. He was referring to the global discussions of consumer privacy issues.

In Paris the CAC40 -index ended up 1,03 %, Frankfurt Dax closed up 1,61 % and OMX Stockholm ended up 1,48 %. In London, the FTSE 100 -index closed up 1,47 %.

In Wall Street, Dow Jones ended flat, Nasdaq + 0,92 % and S&P 500 -index up 0,30 %. Also the natural resources like gold, platinum, brent and copper were having positive trend.

Euro gained against US dollar and was up 0,14 % at 1,138 dollars, but sterling was down 0, 09 % and was trading at 1,277 dollars

 

 

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