European Daily Market Review 22.1.20

European markets are into a mixed pattern. The German DAX gained 0.08% while the CAC-40 inclined 0.02%.

The British FTSE 100 slipped around 0.30%.

German stocks edged into fresh record territory this morning, as equities across Europe have hard time to enter into a positive ground.

The U.K.’s main goal is to secure a trade deal with the European Union ahead of the U.S., the country’s Finance Minister Sajid Javid said.

London is about to leave the EU on Jan. 31, and the government has set a deadline for a trade deal with the EU for the end of 2020.

The possibilities of Bank of England reducing the interest-rate this month took was positively affected by growing optimism among U.K. manufacturers.

Jaguar Land Rover will cut around 500 workers, which is around 10% of the workforce at its Halewood plant near Liverpool, northern England.

This comes as the carmaker tris to reduce costs amid mounting spending on electric cars.


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