European shares edged higher after languishing throughout much of the day, as optimism on trade and Brexit waned. The U.K. government threatened to abandon efforts to pass a Brexit deal and move straight to fresh elections if lawmakers don’t support a fast-track timetable for the plan. Later there was a Financial Times report that said UK’s PM Johnson is ready to accept a 10 day Brexit delay. Oil prices supported gains in the energy sector amid a report that OPEC may consider deeper output cuts at a meeting in December.
Energy and Banks are outperforming today led by S&P Oil and Gas Equipment and Services ETF (XES +2.45%).
Bank sector ETF (KBE) is up .9% and inching above a short term trend line. Insurance and Technology underperforming (KIE -0.97%)
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