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European markets close lower as Trump-Kim meet in Vietnam; Metro Bank down 26%


Thursday, 28 February 2019 00:06 WIB

saham-saham eropaIndeks Stoxx Europe 600


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European stocks traded in the red during Wednesday's session, as investors digested the latest political and economic news from around the world.

The pan-European Stoxx 600 closed provisionally down 0.38 percent by the late afternoon with all but three sectors in negative territory.

Furthermore, the British bank Metro fell to the bottom of the index, down by more than 26 percent. This was after revealing plans for a £350 million ($463 million) shareholder cash call.

Ocado shares were up by 3 percent, after announcing a joint venture with retailer Marks & Spencer. However M&S saw its own stock price dip more than 12.6 percent.

Household goods were among the worst performers, on the back of earnings. Shares of Beiersdorf fell 9.5 percent, after the Nivea maker cut its profit outlook.

Overall, investors are paying close attention to an upcoming meeting between the leaders of North Korea and the U.S.

Source: CNBC


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