Europe markets close higher as politics take center stage; Debenhams tanks 6% after profit warning

Wednesday, 6 March 2019 00:32 WIB

saham-saham eropaIndeks Stoxx Europe 600


Stocks in Europe were slightly lower on Tuesday afternoon, as investors monitored various political developments across the globe.

The pan-European Stoxx 600 was down 0.15 to 375.64 percent during afternoon deals, with most sectors in negative territory. Autos and industrials were among the worst performing sectors as China cut its growth targets to a 30-year low.

Telecoms were the clear outperformer, up by 0.7 percent. The sector was pushed higher by news that Vodafone is to raise about 4 billion euros by issuing mandatory convertible bonds, Reuters reported. Vodafone was up by 1.8 percent.

There was more negative news in the retail space. Debenhams said Tuesday it will not be able to deliver the profits forecast just two months ago. The warning sent shares down by 8 percent.

Source : CNBC


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