By Investors Hub
European stocks inched higher in cautious trade on Wednesday as investors kept an eye on the U.S.-China trade talks, political developments in the U.S and the latest FOMC minutes from the Fed meeting earlier this month.
Brexit talks also remained in focus as the EU and U.K. enter the final stages of talks over foreign policy, security and economic relationship.
The pan-European Stoxx Europe 600 index was little changed at 384.01 in late opening deals after rising 0.2 percent in the previous session.
The German DAX was largely unchanged, while France’s CAC 40 index and the U.K.’s FTSE 100 were up around 0.2 percent.
German automotive manufacturing company Continental AG slumped more than 11 percent. The company cut its FY18 guidance, citing higher costs and unspecified warranty claims.
Denmark’s Jyske Bank fell almost 5 percent despite the company posting surprisingly strong results for the second quarter.
Pharmaceutical giant GlaxoSmithKline edged up slightly in London after reports that it is seeking initial bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks.
Department store chain Debenhams rallied 1.8 percent after appointing Rachel Osborne as Chief Financial Officer, effective 17 September 2018.
more recommended stories
I&E Records $200m Turnover Monday as Panic Persists
**Naira Trades 360.50/$ at I&E FX.
Nigeria Must Act Fast to Avert Serious Food Disaster—ICC Nigeria
The need for federal government of.
SEC Lied, Never Gave us Fair Hearing—Oando Insists
By Dipo Olowookere Embattled Nigerian energy.
T-Bills Yields Jump 0.11% on Sell Pressure
By Dipo Olowookere The secondary market.
Equities Post 0.37% Loss Despite Rise in Trades
By Dipo Olowookere The nation’s bourse.
Nigeria’s Inflation Rises to 11.40% in May as Food Index Jumps to 13.79%
By Modupe Gbadeyanka The National Bureau.
Edo Moves to Boost Tax Compliance
The Edo State Governor, Mr. Godwin.
N2.20 Dividend Payment Excites VFD Group Shareholders
VFD Group Plc has approved N251.5.