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LONDON, Dec 9 (Reuters) - European stocks were seen opening slightly higher on Wednesday after a sharp fall in the previous session.
Financial spreadbetters at IG expected Britain’s FTSE 100 to open up by 20 points, or 0.3 percent higher. Germany’s DAX was seen up by 16 points, or 0.2 percent higher, while France’s CAC-40 was seen up by 9 points, or 0.2 percent higher.
The pan-European FTSEurofirst 300 index fell 1.8 percent to 1,437.77 points on Tuesday, its lowest close since late October, with the STOXX Europe 600 Basic Resources sector dropping 6.6 percent to its lowest level since March 2009 as mining stocks slumped.
Anheuser-Busch InBev, the world’s biggest brewer, faced tough questions on Tuesday from U.S. lawmakers unhappy over its plan to buy SABMiller due to concerns the deal will hurt the fast-growing U.S. craft beer industry.
European and U.S. drug safety agencies are looking into whether a defective blood-clotting test device affected a trial involving Bayer’s anti-blood clotting drug Xarelto, they said on Tuesday.
Bouygues Telecom, France’s third-largest mobile telecoms network operator, wants more than 2 billion euros from the French government in compensation for alleged unfair competition following rival Iliad’s move into the mobile market in 2012, newspaper Les Echos said on Tuesday.
French businessman Xavier Niel holds options in Italian phone group Telecom Italia that can be settled for shares equal to a 10.2 percent stake, a filing with U.S. Securities and Exchange Commission showed on Tuesday.
French power generator Engie and a group of European utilities called on Tuesday for carbon pricing rather than targets for increasing renewable energy use to be the main tool for fighting climate change.
The group, which includes Germany’s , Italy’s Enel and Spain’s Iberdrola, wants the European Commission to strengthen its emissions trading scheme to boost carbon prices and investment in low-carbon power.
More than 500 civil lawsuits filed against Volkswagen AG over the use of software to evade emissions limits will be heard by a federal judge in California, a U.S. judicial panel responsible for consolidating related lawsuits said on Tuesday. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asian stocks slip as commodity rout feeds demand fears > US STOCKS-Wall St ends choppy session lower, weighed by China, oil > Nikkei falls to lowest close in more than a month > TREASURIES-Yields drift higher in tight ranges as oil steadies > FOREX-Commodity currencies nurse losses, euro inches higher > PRECIOUS-Gold adds to gains but looming U.S. rate hike weighs > METALS-Copper steady amid poor China data, export tax moves > Oil rises as U.S. crude inventories dip, Japan machinery orders bounce
Reporting by Sudip Kar-Gupta