European equities fall to their lowest level in two weeks as a result of the BRICCAST crisis

LONDON (Reuters) – European equities rebounded after early morning gains and fell to their lowest level in two weeks on Thursday, after a sell-off when Britain's Prime Minister Teresa May's government entered an exit crisis. of the European Union.

The resignation of British ministers, including Dominique Rapp, Minister for the withdrawal of the European Union, led to a decline in registered shares and housing companies listed in London, which quickly spread to the United States. other European trading centers.

A sharp decline in the pound sterling against the US dollar and the euro boosted the shares of UK export companies and large companies generating foreign exchange earnings. The benchmark FTSE 100 <.FTEU> ended the session by 0.06%.

However, the broader Financial Times 250 index, which focuses on domestic equities, closed down 1.3%.

The Dublin stock market has recorded its worst loss since 2016, with a 3.8% decline, as investors thought that the Irish economy would be the most affected if Britain left the EU without agreement.

The European Stoxx 600 index ended the trading session down 1.06%, while the Euro Stoxx Eurozone index closed down 0.7%, penalized by trade losses German, Spanish and French.

The travel and leisure sector was the biggest loser, down 2.5%, penalized by a 6.6% loss for EasyJet and Ryan Air.