European shares fall on losses in tech, travel companies
Reuters
Published Dec 02, 2021 08:43
(Reuters) - European shares fell on Thursday, tracking a slide in U.S. equities overnight due to uncertainty around the Omicron coronavirus variant and the chances of quicker interest rate hikes than expected.
The continent-wide STOXX 600 fell 1.1% as of 0819 GMT after posting its best session in almost six months on Wednesday. Tech stocks were the biggest decliners on the index, followed by a 2% drop in travel stocks.
Wall Street was roiled by a late selloff after the confirmation of first U.S. case of Omicron infection and Federal Reserve Chair Jerome Powell's comment on the possibility that inflation may not recede in the second half of next year.
Chipmakers Infineon Technologies, ASML and AMS dropped between 1.8% and 4.1% on a report that Apple (NASDAQ:AAPL) told its parts suppliers that demand for iPhone 13 has slowed.
Luxury goods firms Hermes fell 2.4% despite its inclusion in the blue-chip Euro STOXX 50 index.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.