European Daily Market Review 10.09.19

European stocks dropped today just ahead of key central bank and trade meetings.

Shares of Electricite de France slipped 6% after reporting that its majority-owned nuclear reactor construction firm Framatome had found issues in manufacturing parts.

The German DAX fell 0.32% to 12186.37, the French CAC-40 lost 0.59% to 5555.92 and the U.K. FTSE-100 tumbled 0.39% to 7207.74.

EDF owns more than 75% of Framatome, and 5% owner Assystem declined 0.8%.

With the U.K Parliament is now off for five weeks and the latest political turmoil throwing up additional concerns than answers, analysts have been busy contemplating what could happen with the rapidly approaching Brexit deadline.

The shutdown of Parliament is called as prorogation — will see lawmakers reconvene on October 14.

Poland won a decision at a European Union court to annul a European Commission decision that Warsaw stated that could boost Gazprom’s ability to use the German Opal gas pipeline.

The EU General Court in Luxembourg overturned the 2016 decision, saying it had been “adopted in breach of the principle of energy solidarity.”

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