By Investors Hub
European stocks have moved notably lower on Wednesday as weak commodity prices, worries over a possible U.S. government shutdown and U.S. President Donald Trump’s comments that he plans to move his country’s embassy to Jerusalem dented risk appetite and fueled demand for safe-haven assets.
The French CAC 40 Index is sliding by 0.6 percent and the German DAX Index is tumbling by 1.1 percent. However, the U.K.?s FTSE 100 Index has bucked the downtrend and inched up by 0.1 percent.
British insurance and travel specialist Saga has plunged after a profit warning. Furniture retailer Steinhoff has also moved sharply lower after its CEO Markus Jooste resigned amid allegations of irregularities in the company’s accounts that require further investigation.
The recent correction in copper prices on worries over rising inventories and doubts about Chinese demand pulled down mining stocks, with Anglo American, Antofagasta, BHP Billiton and Rio Tinto falling between 0.7 percent and 1.1 percent.
Meanwhile, Swiss nutrition, health and wellness giant Nestle SA has edged up marginally after agreeing to buy privately-held Atrium Innovations from a group of investors led by Permira Funds for $2.3 billion in cash.
Novo Nordisk has rallied after receiving FDA approval for a diabetes drug. Airline EasyJet has also moved higher after reporting 8 percent growth in passenger traffic for November.
more recommended stories
Asian Stocks Fall as Violent Unrest Extends to Wednesday
By Investors Hub Asian stocks fell.
European Stock Markets Depreciate Wednesday
By Investors Hub European stocks have.
Renewed Trade Deal Uncertainty Weighs on US Stocks
By Investors Hub The major U.S..
CBN Crashes Treasury Bills Rates to Single Digit
By Dipo Olowookere The Central Bank.
Border Closure to Push Inflation to 11.32%—Analysts
By Dipo Olowookere Analysts at Meristem.
Dividends from Oil Firms to Lose Tax Exemption Status
By Adedapo Adesanya Nigeria’s Minister of.
Lagos Assures Business Owners Easy Access to Funds
By Dipo Olowookere Those who intend.
Nigerian Stock Exchange Sustains Gains by 0.54%
By Dipo Olowookere The positive sentiment.