21st Jun 2018 11:15
BRUSSELS/FRANKFURT/PARIS (Alliance News) - European stocks were subdued on Thursday as trade worries persisted and investors waited to see if OPEC and its allies would reach consensus on a deal to increase oil supply.
The Bank of England will announce its interest-rate decision later today, with traders looking for any hints of an August rate rise.
The pan-European Stoxx 600 was down 0.2% at 383.41 in late opening deals after rising 0.3% the previous day.
The German DAX was losing 0.8% and France's CAC 40 index was moving down 0.3% while the UK's FTSE 100 was marginally higher in choppy trade.
Shire PLC shares rallied more than 2%. The drugmaker received approval from the US health regulator to expand the offering of Cinryze to children aged six years and older with hereditary angioedema.
British property developer Berkeley Group Holdings lost 2%, a day after it warned of a 30% fall in pre-tax profit this year.
German automaker Daimler slumped 4.3% after it issued a profit warning, citing higher import tariffs amid an escalating trade war between the US and China.
French advertising company JCDecaux was up half a percent after it made a conditional USD803 million takeover offer for Australia's APN Outdoor Group.
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Shire