European Shares Dip

European Shares Dip: (Reuters) -European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States, while gains in supermarket major Ahold Delhaize kept declines in check.

The pan-European STOXX 600 index dipped 0.1%, tracking a second straight session of losses after a strong start to the week.

A higher-than-expected U.S. Consumer Price Index report for July could spook markets after a surprisingly robust hiring report last week. Markets are expecting a high chance of a 75 basis point interest rate hike by the Federal Reserve next month as the U.S. central bank remains focused on taming decades-high inflation.

“Markets seem to be going into today’s all-important U.S. CPI a little on the apprehensive side,” Deutsche Bank strategist Jim Reid wrote.

European shares fall, Italian stocks slide on political worries

“It’s certainly possible that a decent fall in the headline number could give a market hungry for positive inflation news a big flip. We will see.”

Rate-sensitive tech stocks shed 0.5%, leading to sectoral declines. Euro zone money markets now fully price in a half-point interest rate hike by the European Central Bank in September. [GVD/EUR]

European chipmakers were mixed on Wednesday after the U.S. peer Micron Technology’s dour forecast sparked a fresh tech rout on Wall Street overnight.

The STOXX 600 has struggled this month on worries over gloomy economic data, rising geopolitical tensions, and fears that higher interest rates could tip the economy into a recession.

But helping the STOXX 600 cut back losses on the day was a 6.8% jump in Ahold Delhaize, powering it to the top of the index.

European Markets Move Lower as Key U.S. Inflation Data Looms

The Dutch company said it was postponing plans for an initial public offering of its non-food retailer, Bol.com, because of unfavorable market conditions.

Wind turbine maker Vestas jumped 9% after it said it would sell its converters and control panels business to KK Wind Solutions.

Shares in ABN Amro rose 2.5% after the Dutch bank beat analyst expectations with a jump of 21% in second-quarter net profit.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)

The pan-European STOXX 600 index (.STOXX) dipped 0.1%, tracking a second straight session of losses after a strong start to the week.

A higher-than-expected U.S. Consumer Price Index report for July could spook markets after a surprisingly robust hiring report last week. Markets are expecting a high chance of a 75 basis point interest rate hike by the Federal Reserve next month as the U.S. central bank remains focused on taming decades-high inflation.

“Markets seem to be going into today’s all-important U.S. CPI a little on the apprehensive side,” Deutsche Bank strategist Jim Reid wrote.

Global Markets: European shares fall as rate hike bets keep investors cautious

“It’s certainly possible that a decent fall in the headline number could give a market hungry for positive inflation news a big flip. We will see.”

Rate-sensitive tech stocks (.SX8P) shed 0.5%, leading sectoral declines. Euro zone money markets now fully price in a half-point interest rate hike by the European Central Bank in September.

The Dutch company said it was postponing plans for an initial public offering of its non-food retailer, Bol.com, because of unfavorable market conditions. 

Wind turbine maker Vestas (VWS.CO) jumped 9% after it said it would sell its converters and control panels business to KK Wind Solutions.

Shares in ABN Amro (ABNd.AS) rose 2.5% after the Dutch bank beat analyst expectations with a jump of 21% in second-quarter net profit. read more.

European shares dip as U.S. inflation data looms; Ahold jumps

https://www.reuters.com › markets › europe › european-s

2 hours ago — Rate-sensitive tech stocks (.SX8P) shed 0.5%, leading sectoral declines. Euro zone money markets now fully price in a half-point interest rate 

European stocks dip at open after Fed hike, before BoE

https://economictimes.indiatimes.com News

16-Jun-2022 — Europe’s stock markets opened lower Thursday as investors digested a sharp Federal Reserve interest rate hike to tackle soaring inflation, and 

European shares fall, Italian stocks slide on political worries

https://m.economictimes.com › Markets › Stocks › News

14-Jul-2022 — European shares fell on Thursday, hurt by rising bets of more aggressive rate hikes by the Federal Reserve after a sharp spike in U.S. 

European Stocks Gain on ECB Decision – Bloomberg.com

https://www.bloomberg.com › news › articles › europea

21-Jul-2022 — European shares rose as the European Central Bank raised interest rates for the first time in more than a decade, while Italian shares 

European Shares Recover After Early Dip – Nasdaq

https://www.nasdaq.com › articles › european-shares-re

25-Jul-2022 — (RTTNews) – European stocks were moving in a narrow range on Monday, as investors braced for a busy week of corporate earnings and a policy 

European and Asian stocks dip as investors braced for US 

https://www.ft.com Asia-Pacific equities › Equities

3 hours ago — European and Asian equity markets fell on Wednesday as investors braced themselves for the latest US inflation data, which are expected to 

Wall Street stocks dip, Treasuries gain as investors seek out 

https://www.ft.com Coronavirus pandemic › Equities

19-May-2022 — US stocks dipped and Treasury bonds rose on Thursday as investors led European markets lower on Thursday with a 1.8 per cent fall.

European stock markets today: Stoxx 600 down 2.8% – CNBC

https://www.cnbc.com › 2022/05/09 › europe-stocks-he

09-May-2022 — European markets close down 2.8% as travel, tech stocks lead losses; oil prices fall 5%.

European shares fall after China’s economic data adds to 

https://www.business-standard.com News

16-May-2022 — Investors are worried that inflation pushing up interest rates will damage the global economy. These fears saw global shares hit their 

Global Markets: European shares fall as rate hike bets keep 

https://www.financialexpress.com › market

14-Jul-2022 — European shares fell on Thursday and the safe-haven dollar rose after the latest red-hot U.S. inflation reading increased investor fears 

European Stocks Dip After Fed as Attention Turns to Inflation

https://www.bnnbloomberg.ca › european-stocks-dip-af

(Bloomberg) — European shares slipped slightly as investors weighed risks to growth from surging inflation after the Federal Reserve went ahead with the 

Tokyo stocks higher in morning on firm European shares, dip 

https://www.nippon.com › news

21-Jun-2022 — Tokyo stocks rose sharply Tuesday morning, supported by overnight advances in European markets and investors buying on dips after the 

Latest & Breaking News on European Shares – Moneycontrol

https://www.moneycontrol.com › NEWS

World shares mostly higher after weak 2Q GDP for China · Brexit fear factor sends global stocks spinning · European shares fall, JC Decaux and Raiffeisen slump.

European Stock Markets – CNNMoney

https://money.cnn.com › data › world_markets › europe

2 hours ago — European markets are mixed today. The DAX is up 0.14% while the FTSE 100 gains 0.03%. The CAC 40 is off 0.02%. European Indexes 

European shares drop on disappointing earnings and Fed fears

https://www.irishtimes.com › business › markets › europe

04-May-2022 — European shares declined on Wednesday as a result of some disappointing corporate earnings reports and investor jitters ahead of an expected 

European shares fall in early trade – The Hindu BusinessLine

https://www.thehindubusinessline.com › article20871389

25-Nov-2017 — At 0706 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 per cent at 1,388.32 points, after losing 0.6 per cent on Monday.

European shares dip as earnings fail to dispel Wall Street gloom

https://www.investing.com › news › stock-market-news

28-Feb-2018 — LONDON (Reuters) – European shares opened lower on Wednesday as a batch of corporate results failed to change the negative trend set on Wall 

 

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