By Investors Hub
European stocks are turning in a lackluster performance despite the U.S. Senate approving the much-awaited $1.5 trillion tax reform bill.
The French CAC 40 Index is down by 0.3 percent and the German DAX Index is down by 0.4 percent, although the U.K.?s FTSE 100 Index is marginally higher.
German energy firm Innogy has advanced amid news its CEO is leaving with immediate effect. Pharmaceutical company Stada has also jumped after concluding a domination and profit and loss transfer agreement with Nidda Healthcare GmbH.
BHP Billiton has also moved higher after the mining giant said it has reached a decision to exit from the World Coal Association due to differences between its positions on climate and energy policy.
Meanwhile, furniture retailer Steinhoff, which is facing a credit squeeze following allegations of accounting irregularities, plummeted as much as 33 percent.
more recommended stories
Investment Income Buoys AIICO Insurance’s H1 Performance
By Cowry Asset Few days ago,.
Naira Under Pressure Amid Selloffs by Foreign Portfolio Investors
By Dipo Olowookere The Naira came.
Bargain Hunters Take Charge as Equities Gain N236b
By Dipo Olowookere After 10 consecutive.
NNPC to List 40% Shares on Stock Exchange
By Modupe Gbadeyanka Nigerians may soon.