Shares listed in Europe became lower on Thursday because concern about US trade policy again imposed its head.
The Pan-European Stoxx 600 Was lower in London at 8:45 a.m. (3:45 a.m. ET), with all important regional Bourse in the negative area.
Retail was a ray of hope, with the Stoxx Europe 600 Retail Index increased 1.2% in early trade. Fashion -single -trade giant HMThe shares rose 10.5% to the Stoxx 600 after winning the third quarter.
H&M share price
In the meantime, shares of medical technology companies sold in the early trade according to the Trump administration opened a national security investigation In imports of medical devices, robotics and industrial machines – the concerns that these goods could be the next destination of the tariff of the White House.
Siemens Healthineers Pour 3.6%while Philips was 2.6% lower. London based ConvatecWhich produces different medical devices to lead 5.4% lower to lead the losses for the Stoxx 600.
Course of the Konvatec share
In other news, shares of the British investment company Petershill Partners rose more than 33%after the company announced plans for the delistine of the London Stock Exchange.
Elsewhere on Thursday, the US Ministry of Labor will publish its last weekly job data. Chairman of the Federal Reserve Jerome Powell said on Tuesday That the cooling labor market was overarching with regard to the sticky inflation and the first interest rate reduction of the central bank of the year.
In Europe, investors monitored the reports on French and German consumer confidence.
In their report With regard to the trust of consumers in Germany, published on Thursday morning, GfK and the Nuremberg Institute for Market made decisions (NIM), the downward trend in the consumer climate was stopped due to improved income.
Rolf Bürkl, head of the consumer climate at NIM, said that market observers should turn the data with caution.
“It is more than unsafe whether this marks the beginning of a continued turn. The consumer climate remains at an extremely low level,” he said in the report. “The geopolitical situation, the concerns about jobs and the renewed fear of inflation are likely to hinder thorough recovery at the moment.”
The most recent update of monetary policy of the Swiss National Bank will also be the focus on Thursday. Switzerland was hit with a shock of 39% tariff price for goods that sends it to the USA in summer.
Overnight in Asia, Shares have moved higherDuring US stocks -Futures were little changed.
