Bayer leads Europe markets down after U.S. court finds cancer link

Markets in Europe drifted lower, led by German chemical company Bayer AG as a U.S. court judgement blamed Bayer’s weedkiller product Roundup for causing a case of cancer. Investors were anticipating developments including the U.S. Federal Reserve’s press conference Wednesday and shrugged off conflicting rumours on U.S.-China trade talks.

How did markets perform?

The STOXX 600 SXXP, -0.28% ended a five-day rally, falling 0.3% to 383.11 having risen 0.7% on Tuesday.

German equities led the declines in Europe, with the DAX DAX, +0.85% falling 0.94% from Tuesday’s close to 11680.7, giving back Tuesday’s gains of 0.85%.

Elsewhere the movement was more modest.

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