Europe: Shares retreat at the open, trade tensions bite
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] European shares opened lower on Wednesday as continuing trade tensions and spreading worries about emerging market currencies cut investor appetite for risky assets.
At 0728 GMT, the pan-European STOXX 600 was down 0.4 per cent, with losses spread across industry sectors and trading centres.
A number of corporate announcements triggered strong swings, notably in BioMerieux.
The French pharmaceutical group was the best performer on the index, up 8.3 per cent after better than expected first-half results and a raised 2018 outlook.
In the same sector, Bayer fell 3 per cent after reporting a disappointing 3.9 per cent gain in underlying core earnings for the quarter.
Another French firm was also among the highest risers. Outdoor advertising group JCDecaux added 6.8 per cent after a rating upgrade by BofA Merrill.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Snuff and cigar maker Swedish Match fell 5.2 per cent after an institutional investor sold a stake of 4.3 million shares at a discount.
REUTERS
Share with us your feedback on BT's products and services
