European shares have 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 was down 0.1 per cent after closing at its highest level since May 2018.
Britain’s domestically-focused midcaps slipped 0.2 per cent after climbing recently on hopes of a Brexit deal. London listed shares of Rio Tinto fell after the miner said it’s iron ore shipments rose 5 per cent but cut its bauxite and alumina production forecast for the year.
The benchmark index were shares of Roche, which rose 1.2 per cent as the Swiss drugmaker boosted its 2019 sales outlook for the third time, and said it expects to finish its takeover of Spark Therapeutics this year. Its shares boosted the healthcare sector by 0.5 per cent.
Read EquityPandit’s Nifty Outlook for the Week