Economic news

European stocks fall from 3-month peak, Iran nuclear pact in focus

European stocks slipped at the open on Tuesday as traders awaited Donald Trump’s decision on the Iran nuclear agreement, a move which could affect global crude supply.

Photo: Reuters

The pan-European STOXX 600 index slid 0.2% to 388.63, retreating after closing at its top since Feb. 1 in the previous session.

Britain’s FTSE 100 index gained 0.2% to 7,583.54. Frankfurt’s DAX 30 index tumbled 0.6% to 12,877.26, while Paris CAC 40 lost 0.3% to 5,512.83.

Shares of Deutsche Post AG slumped 6.4% after reporting a 5.2% fall in first-quarter net profit.

Shares in Denmark-based William Demant led the decline, sliding over 10 percent after a first-quarter growth warning.

Sky shares shed 1.1% on news the European Commission recieved U.S.-based Comcast notification of its intention to bid for Britain’s pay-TV group Sky.

German industrial output jumped in March after an unexpected weak start to 2018, adding 1%.


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