UK ministers are to visit European capitals next week in a bid to deepen ties with the EU on financial services, Bloomberg reports
Newsquawk Staff ·
UK ministers are to visit European capitals next week in a bid to deepen ties with the EU on financial services, Bloomberg reports.
What it means
The visit of UK ministers to European capitals highlights ongoing efforts to strengthen financial ties with the EU post-Brexit. This diplomatic push signals that the UK is looking to foster collaboration in the financial services sector, which could impact regulatory alignment and cross-border operations. These discussions may also influence market sentiment, particularly relating to GBP and EU equities as investors assess potential outcomes.
Sources
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.
- UK PM Burnham declines to rule out another Brexit referendum at PMQs
- [MARKET ANALYSIS] A busy morning for EU banking names, with tech stocks supported by upbeat SK Hynix earnings
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat
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