European shares tepid before Brexit talks resume

This post was originally published on this site

(Reuters) – European shares dipped on Wednesday, after dramatic swings over the past week, as uncertainty over the outcome of London’s last-ditch Brexit talks with Brussels kept investors on the sidelines.

By 0710 GMT, the pan-European STOXX 600 index () was down 0.1% after closing at its highest level since May 2018.

Brexit negotiations will resume in Brussels on Wednesday morning after “constructive” negotiations went into the night on Tuesday, a British spokesman said.

Britain’s domestically-focused midcaps () slipped 0.2% after climbing recently on hopes of a Brexit deal.

London-listed shares of Rio Tinto (L:) fell after the miner said its iron ore shipments rose 5%, but cut its bauxite and alumina production forecast for the year.

The company’s share drop pulled the mining sector () down 1.3%.

Keeping losses in check for the benchmark index were shares of Roche (S:), which rose 1.2% as the Swiss drugmaker boosted its 2019 sales outlook for a third time, and said it expects to finish its takeover of Spark Therapeutics (O:) this year.

Its shares boosted the healthcare sector () by 0.5%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment