European shares opened lower on Wednesday, with the stock market topping declines on new developments regarding Britain's exit from the European Union, while concerns about global growth escalated after the release of a number of pessimistic reports of factory
activities in the euro zone and the United States.
Britain's FTSE 100 fell 0.5 percent, the biggest drop across Europe ahead of Prime Minister Boris Johnson's talks with Brussels as he prepares to unveil his final exit from the European Union later in the day.
Investors are still suffering from the shock of pessimistic data on factory activity in the US and the euro zone released on Tuesday, which saw the European Stoxx 600 index and the euro zone index their biggest losses in a single day in two months.
By 07:09 GMT, the STOXX 600 was down 0.3 percent, with the Food and Beverage sector holding on to gains, with France's Pernod Ricard up 2.1 percent after Jeffreys revised its recommendation to buy.
Source Sky News