Brexit: UK suggests ‘temporary customs union’ with EU

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Europe
The FTSE-100 finished yesterday’s session 0.60% higher at 7,353.89 whilst the FTSE AIM All-Share index was up 0.81% at 997.03. In continental Europe, the CAC-40 finished 1.20% higher at 5,121.67 whilst the DAX was up 1.26% at 12,165.12.

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In New York last night, the Dow Jones ended 0.62% higher at 21,993.71, the S&P-500 closed 1% higher at 2,465.84 and the Nasdaq was up 1.34% at 6,340.23.

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In Asian markets this morning, the Nikkei 225 was 1.28% higher at 19,787.95 and the Hang Seng was up 0.4% at 27,358.09.

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In early trade today, WTI crude was up 0.11% at $47.64 per barrel and Brent crude was 0.2% higher at $50.83 per barrel.


Headlines

Brexit: UK suggests ‘temporary customs union’ with EU
The UK has set out the “ambitious new customs arrangement” it wants to secure with the EU after Brexit. Ministers said the plans would mean the “freest and most frictionless possible trade” with the rest of Europe. This could include a “temporary customs union” after Brexit to prevent border problems as the UK leaves the EU. Businesses have called for clarity since the UK said it was leaving the customs union – the EU’s tariff-free trading area – as part of Brexit. The customs union document is the first of a series of papers to be published by the UK government on key negotiation issues. On Wednesday it is expected to set out proposals for the border between Northern Ireland and the Republic of Ireland.

Source: BBC News



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