European stock market fluctuates with anxiety about’no deal Brexit’… Falling all at once

-On the 11th (local time), the European stock market fell all at once amid fears of the breakdown of negotiations on Brexit future relations between the UK and the European Union.

The German DAX index closed at 13,114.30, down 181.43 points (1.36%) from the previous day.

The UK FTSE100 index closed at 6546.75, down 53.01 points (0.80%) from the previous day.

France’s CAC40 index fell 42.10 points (0.76%) to 5507.55; Italy’s FTSE MIB index was 213.35 points (0.97%) behind the previous day at 22,1702.16. At the EU summit, he said that there is a higher possibility of’no deal’ (agreement breakdown) regarding the negotiations on future relations of Brexit. British Prime Minister Boris Johnson ordered preparations to begin the day before, saying at a cabinet minister’s meeting that it is highly likely that it will not be able to reach a deal with the EU.

The two sides agreed on the 13th as a deadline and are undergoing final negotiations. However, there are still disagreements over three issues: fishing rights, fair competition rules, and how the agreement is implemented.

The Brexit transition period ends on the 31st. If the agreement is unsuccessful, the UK will actually do a no-deal Brexit without signing a free trade agreement with the EU.

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