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European Shares Mixed On Catalan Independence Concerns

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European stocks were mixed on Thursday as worries about Catalonia's independence vote from Spain as well as caution ahead of the U.S. government's non-farm payrolls report due out Friday kept investors on the sidelines.

The pan-European Stoxx Europe 600 index was down 0.28 percent at 389.30 in late opening deals after declining 0.1 percent on Wednesday.

The German DAX was declining 0.3 percent and France's CAC 40 index was down 0.1 percent, while the U.K.'s FTSE 100 was rising 0.1 percent, helped by a weaker pound and gains in resources stocks.

The pound hovered near three-week lows against the dollar, hit by weak car sales data and S&P comments that the U.K. economy may not withstand an interest rate rise.

British utility Centrica rose 0.7 percent and SSE rallied as much as 1.8 percent after Prime Minister Theresa May revived plans to cap energy prices.

Miners Antofagasta, Anglo American and Glencore gained over 1 percent each as LME base metals prices held steady near multi-year highs.

Theme park operator Merlin Entertainments jumped 2 percent on a Bloomberg report that it approached SeaWorld about a possible acquisition.

Furniture retailer DFS fell nearly 4 percent after it reported a 22.3 percent fall in pre-tax profits in the year to July 29.

France's AccorHotels edged up half a percent after it agreed to acquire a 50 percent stake in Orient Express owned by the SNCF Group.

German engineering firm Siemens shed 1.3 percent after it concluded the sale of its remaining 17 percent stake in Osram Licht. Osram shares fell almost 4 percent.

by RTT Staff Writer

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