Modupe Gbadeyanka
By Investors Hub
European stocks have moved mostly lower on Wednesday as the dollar eased somewhat against rivals ahead of the looming Fed rate hike.
While the U.K.?s FTSE 100 Index has dropped by 0.6 percent, the French CAC 40 Index is down by 0.4 percent and the German DAX Index is down by 0.3 percent.
Adecco Group has moved to the downside after the Swiss employment services group said that the strong cash generation of its underlying businesses underpins its program of strategic investments.
Kingfisher has also slumped after the British home improvement retailer warned over ‘uncertain’ trading after reporting a decline in statutory pre-tax profit for year ended 31 January 2018.
Meanwhile, oilfield services provider Petrofac has moved higher on winning a $200 million contract in India.
French luxury goods maker Hermes has rallied after it posted record profitability for 2017 and increased its dividend.
Video game publisher Ubisoft has also jumped after Vivendi sold its entire stake in the company for 2 billion euros.
