investing.com 18 Dec, 2020 09:15 am

European Stock Futures Lower; Brexit Talks Hit Difficulties By Investing.com

European Stock Futures Lower; Brexit Talks Hit Difficulties

European Commission President Ursula von der Leyen said late Thursday that “big differences” remain between the two sides, particularly on fishing, and that “bridging them will be very challenging.An advisory panel recommended the approval of Moderna (NASDAQ: MRNA )'s Covid-19 drug late Thursday, clearing the way for a second vaccine to enter the fight against the pandemic.At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.4% and the FTSE 100 futures contract in the U.

Talks are progressing behind the scenes, and such negative language could be expected as a negotiating tactic, but time is running out for the two sides to agree a deal to cover around $1 trillion in annual trade at risk of facing tariffs and quotas at the end of the year.Oil prices slipped, retreating from the nine-month highs seen the previous session as traders waited for Congress to approve a new Covid-19 relief package.

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