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European Stocks Close Mixed

By Investors Hub

European stocks are mixed on Thursday as worries about Catalonia’s independence vote from Spain as well as caution ahead of the US jobs report have kept investors on the sidelines.

While the German DAX Index has edged down by 0.1 percent, the French CAC 40 Index is just above the unchanged line and the UK’s FTSE 100 Index is up by 0.3 percent.

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The pound hovered near three-week lows against the dollar, hit by weak car sales data and S&P comments that the U.K. economy may not withstand an interest rate increase.

Theme park operator Merlin Entertainments has jumped on a Bloomberg report that it approached SeaWorld (SEAS) about a possible acquisition.

France’s AccorHotels has edged higher after it agreed to acquire a 50 percent stake in Orient Express owned by the SNCF Group.

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Meanwhile, furniture retailer DFS has fallen sharply after it reported a 22.3 percent drop in pre-tax profits in the year to July 29th.

German engineering firm Siemens has also moved lower after it concluded the sale of its remaining 17 percent stake in Osram Licht.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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