European markets were mixed Wednesday morning as investors continued to monitor ongoing political uncertainty.
Consolidated European index Stoxx 600 is almost not changed during the morning deals with sectors and major bourses traded in opposite directions.
In Europe, stocks in the basic resources were the worst performers Wednesday, falling about 0.5 percent. South African firm Mondi said that underlying profit in the third quarter increased by 8 percent, citing higher-than-expected average selling prices. Nevertheless, a company registered in Johannesburg, said that its annual capacity should be slightly below market expectations. Its shares fell nearly 7 percent.
Shares of the German company food processing GEA Group rose by 6.8 percent to a maximum of six months. Hedge Fund Elliot revealed his stake in the firm on Tuesday, according to Reuters, sent shares up.
Provident Financial fell to the bottom of the index on Wednesday after Barclays downgraded the stock to “insufficient weight” from “equal weight”. Its shares fell more than 5 percent.
The Spanish government meets in Madrid on Wednesday to support your answer to the Catalan independence movement. The Socialist opposition leader Pedro Sanchez is also going to meet with Prime Minister Mariano Rajoy. The Spanish IBEX has recovered from the losses he got at the previous session and traded higher by more than 1.2 percent in morning deals.
Catalan President Carles Pujdeme and other leaders in the region yesterday signed a document proclaiming independence from Spain, although they have also suspended the movement in the coming weeks after an unofficial referendum earlier this month, which led to riots and loss of business confidence in the region.
Meanwhile, Prime Minister Theresa may will have his first meeting with the leader of the opposition Jeremy Corbin at Prime Minister’s questions in Parliament for the first time in this session. On Tuesday, may said that the agreement with the European Union on the protection of the rights of immigrants living in the country, after Brekzita, was “very close”.
The leader of the Scottish national party Nicola Sturgeon said at the party conference on Tuesday that Brickset strengthened the argument for a second referendum on independence.
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FTSE 7534.07 -4.20 -0.06%
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Information-analytical Department Forex club