European markets open
lower on Brexit concerns
The pan-European Stoxx 600 was 0.2 percent lower with most sectors trading negative. Markets in Europe were lower on Tuesday as investors wait to hear from the U.K. Prime Minister Theresa May on her Brexit plans. The pan-European Stoxx 600 was 0.2 percent lower with most sectors trading negative. Prime Minister May is set to lay out 12 priorities for the U.K.'s departure from the European Union that will not leave the country in a "half-in-half- out" situation.
According to the Daily Telegraph, May will confirm that Britain will exit the EU's single market and customs union and focus on regaining control of the number of people entering and living in the country. During Asian trading, the pound fell to a three-month low. In corporate news, Reynolds American has announced Tuesday a merger deal with British American Tobacco. According to Reuters, British American Tobacco will buy 57.8 percent of Reynolds for $59.64 per share. The global miner Rio Tinto maintained its guidance of 330 million-340 million tonnes for 2017. Alstom, Casino and Renault are also reporting their latest figures on Tuesday. The calendar is busy with the opening address of the Chinese President XI Jinping the World Economic Forum in Davos, the release of the French budget balance data and the latest ZEW economic sentiment in Germany
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The pan-European Stoxx 600 was 0.2 percent lower with most sectors trading negative. Markets in Europe were lower on Tuesday as investors wait to hear from the U.K. Prime Minister Theresa May on her Brexit plans. The pan-European Stoxx 600 was 0.2 percent lower with most sectors trading negative. Prime Minister May is set to lay out 12 priorities for the U.K.'s departure from the European Union that will not leave the country in a "half-in-half- out" situation.
According to the Daily Telegraph, May will confirm that Britain will exit the EU's single market and customs union and focus on regaining control of the number of people entering and living in the country. During Asian trading, the pound fell to a three-month low. In corporate news, Reynolds American has announced Tuesday a merger deal with British American Tobacco. According to Reuters, British American Tobacco will buy 57.8 percent of Reynolds for $59.64 per share. The global miner Rio Tinto maintained its guidance of 330 million-340 million tonnes for 2017. Alstom, Casino and Renault are also reporting their latest figures on Tuesday. The calendar is busy with the opening address of the Chinese President XI Jinping the World Economic Forum in Davos, the release of the French budget balance data and the latest ZEW economic sentiment in Germany
Read more for Best Stock Tips-http://www.aceinvestmentadvisory.com
