European markets on the rise after Cabinet backs draft Brexit proposals

Gilt yields falling

clock • 1 min read

The FTSE 100 has clawed back losses taken after a draft Brexit deal was agreed between the UK and European Union, followed by the wider European market, while gilt yields are sliding in morning trading.

Having fallen by 0.6% on Wednesday (14 November), the FTSE 100 was up 0.4% at market open on Thursday (15 November), after Prime Minister Theresa May announced yesterday that Cabinet had agreed on her proposed deal after a five-hour meeting. The EuroStoxx 50, which was down 1.2% yesterday, originally opened lower, but rose to trade 0.6% higher by 8.40am GMT. Meanwhile, UK ten-year gilt yields fell nearly 4% to 1.45%, despite expectations of strengthening yields on the news. UK set for restricted financial markets access under equivalence Mike Amey, managing director and head of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read