Cautious Brexit progress trade war oil prices

The pan-European Stoxx 600 was down 0.6 percent, with major indexes in the red, except for FTSE 100 that held on a slight positive amid the plunge for the pound.

Raab, in a letter to the UK leader, said he could not reconcile with the terms of this proposed brexit deal, after the promises of ruling conservative party made to the country in a election manifesto last year. Sterling plunged more than 1 percent on the news to trade at $ 1.28 levels. Men dette hjalp nogle tungt kapitaliserede FTSE-aktier som samler indtægter i dollar.

But U.K. financial stocks slumped on the news of Raab's resignation. Capita was down almost 8 percent, followed by RBS down 7 percent and Barclays down more than 6 percent. U.K. housebuilder stocks increased losses with Barratt Developments down 7.8 percent, Taylor Wimpey down 6.8 percent and Persimmon down 6.7 percent.