By Investors Hub
European stocks have moved mostly lower on Wednesday as rising bond yields on expectations of higher interest rates and the recent surge in oil prices has spurred investors to lock in some profits after recent gains.
The German DAX Index has slumped by 0.9 percent and the French CAC 40 Index has fallen by 0.4 percent. However, the U.K.?s FTSE 100 Index is bucking the downtrend and inching up by 0.2 percent.
In economic news, French industrial production decreased as expected in November after rising in the two previous months, data from statistical office Insee showed.
Separately, the Quarterly Economic Survey published by the British Chambers of Commerce showed that growth in the U.K. economy remained subdued at the end of 2017.
Taylor Wimpey shares have declined in London after the homebuilder said its order book fell and house price growth slowed at the end of 2017.
Continental AG shares have also fallen after the tire manufacturer confirmed that it is in the early stages of analyzing how its organization can become even more flexible in response to the fast changing environment in the automotive industry.
Meanwhile, Ted Baker has soared after it reported an increase in retail sales over the Christmas period. J Sainsbury has also moved to the upside after upgrading its full-year profit guidance.
Airbus has also risen. China will finalize orders for 184 Airbus SE A320 aircraft soon, French President Emmanuel Macron reportedly said after talks with his Chinese counterpart Xi Jinping.
Adedapo Adesanya