Europe Markets Decline With U.S. Inflation Data in Focus; Just Eat Takeaway Soars 20%
European stocks traded slightly lower Wednesday, with global markets focused on upcoming U.S. inflation data.
The pan-European Stoxx 600 index was down 0.1% lower in early deals, with the majority of sectors in negative territory.
Shares of Just Eat Takeaway stock soared 20% shortly after the open Wednesday after the company said it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million.
Shares of ABN Amro opened almost 1% lower after the Dutch lender posted a 9% fall in quarterly net profit, compared to a year earlier. Shares of Allianzwere up 0.5% at the open after the financial services group beat expectations with a 22% rise in third-quarter net profit.
Investors’ main focus on Wednesday will be October’s inflation data out of the U.S., a key factor when it comes to the Federal Reserve’s decision to cut or maintain interest rates.
Source : CNBC
