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European shares tepid before Brexit talks resume

Published 10/16/2019, 03:26 PM
Updated 10/16/2019, 03:32 PM
European shares tepid before Brexit talks resume

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Oct 16 (Reuters) - European shares dipped on Wednesday,
after dramatic swings over the past week, as uncertainty over
the outcome of London's last-ditch Brexit talks with Brussels
kept investors on the sidelines.
By 0710 GMT, the pan-European STOXX 600 index .STOXX was
down 0.1% after closing at its highest level since May 2018.
Brexit negotiations will resume in Brussels on Wednesday
morning after "constructive" negotiations went into the night on
Tuesday, a British spokesman said. Britain's domestically-focused midcaps .FTMC slipped 0.2%
after climbing recently on hopes of a Brexit deal.
London-listed shares of Rio Tinto RIO.L fell after the
miner said its iron ore shipments rose 5%, but cut its bauxite
and alumina production forecast for the year.
The company's share drop pulled the mining sector .SXPP
down 1.3%.
Keeping losses in check for the benchmark index were shares
of Roche ROG.S , which rose 1.2% as the Swiss drugmaker boosted
its 2019 sales outlook for a third time, and said it expects to
finish its takeover of Spark Therapeutics ONCE.O this year.
Its shares boosted the healthcare sector .SXDP by 0.5%.


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