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(Reuters) – European shares opened decrease on Wednesday forward of key financial information from the area as buyers sought refuge in safe-haven belongings amid uncertainty surrounding a intently contested U.S. election.
The pan-European dropped 0.5% to 515.25 factors by 0810 GMT, weighed down by luxurious shares. 100 fell 0.5%.
Gold rose to an all-time excessive amid a normal risk-off temper within the markets. [GOL/][GOL/]
A barrage of key financial information, together with Euro zone’s flash preliminary GDP for the third-quarter and shopper confidence information for October, is ready to be launched later within the day. The UK price range, due at 1230 GMT, will even be within the highlight.
Germany’s information deluge contains October’s preliminary CPI figures and employment information in addition to flash GDP for the third-quarter.
Italy’s preliminary GDP and Spain’s estimated GDP and flash CPI figures are additionally due later within the day.
Information confirmed the French financial system expanded 0.4% within the third-quarter.
In outcomes pushed strikes, GSK misplaced 1.9% after it lowered its 2024 vaccine gross sales forecast.
UBS gained 2.2% after the financial institution posted strong third-quarter revenue and virtually doubled its forecasts.
Customary Chartered (OTC:) rose 2.8% after the lender’s quarterly revenue topped market estimates.
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