LONDON ( The Deal) -- European markets were mixed on Thursday, as investors digested a surprise slump in German exports and awaited monetary-policy meeting notes from central bankers on both sides of the Atlantic.

 In London, the FTSE was up 0.10% at 6,324.54, while in Frankfurt the DAX was 0.15% lower at 9,955.46. In Paris, the CAC 40 was 0.36% lower at 4,560.45. 

There was some nervousness about Europe's largest economy after the latest figures from Germany's Federal Statistics office showed a 5.2% drop in exports in August, the steepest fall since January 2009 and well above the 0.9% decline predicted in a Bloomberg News analyst poll. 

Later Thursday, investors will be looking for clues on further interest-rate developments when the European Central Bank issues minutes from its early September monetary policy meeting. And after the close of European trading, the Federal Reserve is also due to release minutes from the Federal Open Market Committee's meeting last month. 

In London, DFS Furniture was up 1.05% on strong preliminary results from the U.K.'s largest upholstered furniture retailer for fiscal 2015. Group revenue rose 7.5% while adjusted Ebitda was up 8.4% over a year ago. 

In a statement, DFS Chairman Richard Baker said the growth strategy "is delivering positive results across multiple initiatives" and there are still "substantial substantial further potential opportunities" in the U.K. and internationally. "DFS is well-positioned to build upon its excellent progres in the year ahead." 

SABMiller  (SBMRY  shares inched up 0.29% to 3,643.50 pence in London, a day after rejecting a sweetened 4,215-pence-a-share takeover offer from its larger rival and the world's No. 1 beer maker, AB InBev (BUD , worth around $104 billion. The offer has the support of SABMiller's largest shareholder, Altria Group

In a statement on Thursday, AB InBev CEO Carlos Brito hit back at SABMiller's board, saying the proposal creates significant value for everybody, urging shareholders to put pressure on SABMiller's board. 

"If shareholders agree that we should be in proper discussions, they should voice their views and should not allow the board of SABMiller to frustrate this process and let this opportunity slip away," Brito said. 

AB InBev shares were down 1.10% in Brussels. 

In Frankfurt, Deutsche Bank  (DB - Get Report) was down 0.27%. Shares recovered after falling more than 3% earlier in the day following news that Germany's largest bank is scrapping a dividend as its braces for its largest quarterly loss in at least a decade. Deutsche Bank said it expects to book a third-quarter loss of €6.2 billion ($7 billion). 

"Despite 'clean' Q3 results looking broadly in line and goodwill impairment charges having no impact on [Common Equity Tier 1] capital, the magnitude of the headline loss and the dividend news is likely to leave the market unsettled," wrote Credit Suisse analyst Mohamed Souidi in a research note. 

In Milan, Fiat Chrysler (FCAU - Get Report)  added 2.32% after reaching a tentative agreement with the United Auto Workers Union in the U.S. to stave off a strike. 

In Copenhagen, Coloplast retreated 2.45% on a ratings downgrade from analysts at UBS. But in Amsterdam, Royal DSM rose 3.45% on a buy rating from ABN Amro Group on expectations of better earnings. 

Asian stocks were mainly lower, with the Hang Seng down 0.71% to 22,354.91 in Hong Kong and the Nikkei slipping 0.99% to 18,141.17 in Tokyo.

 

 

 

 

 



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