Rich investors are shunning stocks because of concerns about the political impact from Donald Trump’s administration and Brexit, according to Christian Nolting, chief investment officer at Deutsche Bank’s wealth management unit.

European energy firms have staged one of the biggest recoveries among industries this year.

British supermarket chain Morrisons was today under pressure to consider a boardroom shake-up after a second profits warning in less than a year shook investors.

US stocks moved lower today as investors’ enthusiasm flagged in the face of multiple attacks overseas, weak sales of manufactured goods and a lower forecast from AT&T.

Wall Street stumbled through a choppy session today and ended mixed, with blue chips giving up a modest gain and tech stocks holding on to their own moderate advance.