By Investors Hub
European stocks have turned lower on Thursday as trade worries persist and investors wait to see if OPEC and its allies will reach consensus on a deal to increase oil supply.
The Bank of England voted 6 to 3 to keep its key interest rate unchanged, while members unanimously voted to maintain quantitative easing at 435 billion pounds.
While the German DAX Index has slid by 0.9 percent, the U.K.?s FTSE 100 Index and the French CAC 40 Index are both down by 0.6 percent.
British property developer Berkeley Group Holdings has moved to the downside, a day after it warned of a 30 percent drop in pre-tax profit this year.
German automaker Daimler has also slumped after it issued a profit warning, citing higher import tariffs amid an escalating trade dispute between the U.S. and China.
Meanwhile, Shire Plc shares have rallied. The drug maker received approval from the FDA to expand the offering of Cinryze to children aged six years and older with hereditary angioedema.
French advertising company JCDecaux has also moved higher after it made a conditional $803 million takeover offer for Australia’s APN Outdoor Group.
more recommended stories
Facebook NG_Hub Trains 50,800 SMBs in Digital Skills
By Modupe Gbadeyanka Not less than.
Asian Equities Finish Mute Despite Reprieve for Huawei
By Investors Hub Asian stocks ended.
European Shares Close Mixed as Investors Await Fed Outcome
By Investors Hub European stocks are.
Lingering Trade Worries to Stretch Wall Street Volatility
By Investors Hub The major U.S..
CBN to Control Banks’ Investment in Treasury Bills, Bonds
Modupe Gbadeyanka The Central Bank of.
Nigeria to Issue Second 30-year Naira Bond Today
By Dipo Olowookere The Debt Management.
NSE Index Gains 2.88% to Slice Year-to-Date Loss to 3.86%
By Dipo Olowookere The local equity.
30-Day T-Bills Yields Shrinks to 9.94%
By Dipo Olowookere The continued absence.