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European shares tepid before Brexit talks resume

Published 16/10/2019, 08:26
© Reuters.  European shares tepid before Brexit talks resume
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Oct 16 (Reuters) - European shares 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 .STOXX was

down 0.1% after closing at its highest level since May 2018.

Brexit negotiations will resume in Brussels on Wednesday

morning after "constructive" negotiations went into the night on

Tuesday, a British spokesman said. Britain's domestically-focused midcaps .FTMC slipped 0.2%

after climbing recently on hopes of a Brexit deal.

London-listed shares of Rio Tinto RIO.L fell after the

miner said its iron ore shipments rose 5%, but cut its bauxite

and alumina production forecast for the year.

The company's share drop pulled the mining sector .SXPP

down 1.3%.

Keeping losses in check for the benchmark index were shares

of Roche ROG.S , which rose 1.2% as the Swiss drugmaker boosted

its 2019 sales outlook for a third time, and said it expects to

finish its takeover of Spark Therapeutics ONCE.O this year.

Its shares boosted the healthcare sector .SXDP by 0.5%.

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