According to the draft summit conclusions, EU leaders are to ask the UK for realistic and workable proposal for their relationship post-Brexit.
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European cash equity markets have closed firmly in the red with basic resource stocks leading declines (FTSE -0.3%, DAX -1.1%, CAC -1.1%). US cash equity markets have held lower this afternoon (DJIA -1.2%, S&P -0.5%, NASDAQ -0.3%).
European cash equity markets have pulled back from their best levels this afternoon, led by sharper declines in Italian stocks and more specifically the banking sector (FTSE -0.7%, DAX +0.2%, CAC -0.1%, FTSEMIB -1.1%). US cash equity markets are little changed at the closing although outperformance in technology stocks has helped the NASDAQ to a new record high (DJIA -0.1%, S&P +0.1%, NASDAQ +0.4%).