By Investors Hub
European stocks have fallen for a third day on Friday and look headed for their worst week since early November last year, as US President Donald Trump’s rhetoric on North Korea over the past few days made investors risk averse.
While the German DAX Index has edged down by 0.1 percent, the French CAC 40 Index and the U.K.’s FTSE 100 Index are both down by 1 percent.
Commodity-related stocks are among the worst performers against the backdrop of heightened political uncertainty after Trump further ratcheted up the rhetoric.
Innogy shares have moved to the downside after German utility maintained the outlook on the current year’s business performance after reporting a drop in first-half net income to 817 million euros from 1.08 billion euros last year.
Danish biotech company Novozymes has tumbled after cutting its growth outlook. Old Mutual has also fallen on news the British financial services firm, which is in the middle of breaking up into four parts, plans to list two divisions in 2018.
In economic news, German consumer inflation grew an annual 1.7 percent in July, slightly faster than the 1.6 percent increase registered in June, final data from Destatis showed. Wholesale price inflation eased to an eight-month low of 2.2 percent in July from 2.5 percent in June.
French consumer prices climbed 0.7 percent year-on-year in July, the same rate as seen in June and in line with the preliminary estimate.
more recommended stories
NSE Fines This Company N4.9m
By Dipo Olowookere The big hammer.
40 Equities Led by Ecobank Buoy ASI by 3.07%
By Dipo Olowookere A total of.
Nestle Nigeria, 23 Others Keep NSE Index Flying by 0.62%
By Dipo Olowookere The positive momentum.
Sylva Plans Big for Nigeria’s Oil Sector
By Adedapo Adesanya Nigeria’s new Minister.
Naira Weakens by 0.04% as Turnover Climbs to $680m Friday
By Adedapo Adesanya Trading ended this.
Oil Suffers as China Slams $75bn Tariffs on US Goods
By Adedapo Adesanya While the oil.
Power Sector Responsible for N100bn Bad Debts
By Adedapo Adesanya With the rising.
FG Implements Plans to Recover N614bn Loan from 35 States
By Adedapo Adesanya The Federal Government.