Moneycontrol
Nov 30, 2016 01:40 PM IST IST | Source: CNBC

European bourses open mixed; OPEC deal on the radar

The pan-European Stoxx 600 opened 0.13 percent lower with most stocks moving south.


European markets started Wednesday trading mixed with investors closely following political developments in Italy and a potential OPEC deal.

The pan-European Stoxx 600 opened 0.13 percent lower with most stocks moving south.




Oil markets were jittery on Wednesday asOPEC members gathered in Vienna trying to reach an agreement on a production cut. However, investors are concerned that a deal may not be reached between the group and oil prices could subsequently sink due to oversupply in the market.






Meanwhile, The Royal Bank of Scotland (RBS) announced a revised capital plan on Wednesday after failing a stress test from the Bank of England.


Sage Group published its full-year results on Wednesday with operating profits coming in at £300 million (USD 374 million).


On the data front, there will be the release of euro zone flash inflation at 10 a.m. London time.


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