Economic news

European stocks decline after brokers cut forecasts for iPhone X shipments

Shares of technology companies in Europe tumbled on Wednesday, as investors returned from a two-day holiday assessed reports that demand for Apple's iPhone X may be weaker than anticipated.

The pan-European STOXX 600 was 0.1 percent lower as a weaker tech sector offset solid mining and oil stocks.

The FTSE 100 index in the UK increased 0.3% to 7,611.40, recovering from a 0.2% decline on Friday.

The DAX 30 index in Germany rose by 0.2% to 13,102.65 points, while France's CAC 40 index dropped 0.1% to 5,361.27 points.

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