Home NewsStock Market News European shares edge lower after strong start to week

European shares edge lower after strong start to week

by WOOWinvest
0 comment
European shares edge lower after strong start to week

European shares edged lower at the open on Tuesday as value stocks struggled to extend a bounce from the start of the week, with investors cautiously waiting for key US inflation data later in the week for hints on the Federal Reserve’s next move.

The pan-European STOXX 600 index fell 0.2%, after logging its best session in nearly two weeks on Monday.

Economically sensitive sectors such as miners, autos and energy stocks, among top gainers in the previous session, led declines on Tuesday.

Defensive plays including real estate rose 0.2%, the most among sectors, indicating a risk-off sentiment.

Investors now await inflation reading from the world’s biggest economy on Wednesday after a surprisingly strong US employment data dented hopes that the Fed might go easy in its series of rate hikes aimed at tackling surging inflation.

Among other stocks, Swiss duty-free retailer Dufry rose 2.7% as it said it saw strong sales momentum continue in July despite the soaring inflation.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy