By Investors Hub
European stocks have fallen on Tuesday, extending losses from the previous session as global growth worries persist and investors watch the latest developments on Brexit after U.K. Prime Minister won support from Britain’s top business group for her draft deal.
While the U.K.?s FTSE 100 Index has fallen by 0.5 percent, the French CAC 40 Index and the German DAX Index are down by 1.1 percent and 1.2 percent, respectively.
The British pound has held steady against the euro and dollar as investors look forward to testimony by Bank of England policymakers on the latest November inflation report.
Apple suppliers have moved notably lower after a report that tech giant is cutting production orders for its newest iPhones.
BHP Billiton has also moved to the downside as the mining giant settled a long-standing transfer dispute with the Australian tax authority over commodity payments made to its Singapore marketing business.
Low-cost airline EasyJet has also tumbled despite posting strong financial results for fiscal 2018.
Chemicals giant BASF has also fallen in Frankfurt. The German company said that about 20,000 employees worldwide would be directly or indirectly affected by reorganization.
On the other hand, British industrial software firm AVEVA has rallied after announcing solid interim results for the six months ended September 30th.
