European Equity Benchmarks End Higher

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The broad-based major European indices closed higher in Wednesday’s trading session, as commodity-related stocks and utilities bolstered the markets. In economic news, U.K. Prime Minister Theresa May triggered article 50 of the Treaty on European Union, officially initiating the country’s withdrawal from the European Union. “We are leaving the European Union, but we are not leaving Europe,” wrote May in a letter to European Council President Donald Tusk, to kick off Brexit negotiations with Europe. “And we want to remain committed partners and allies to our friends across the continent.”

The European Commission has blocked the proposed merger between Deutsche Borse and the London Stock Exchange Group, saying the union would have created “a de facto monopoly in the markets for clearing fixed-income instruments.”

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