European stocks slip as investors await key inflation readings
economictimes.indiatimes.comEuropean stocks slipped on Monday as investors assessed the likely impact of a mixed U.S. jobs report on the Federal Reserve's future policy moves, while awaiting key inflation figures from across the globe this week.
By 0703 GMT, the pan-European STOXX 600 edged down 0.2%, echoing a weak sentiment on Wall Street on Friday after a mixed U.S labour market report.Siemens Energy dropped 5.8% to the bottom of STOXX 600, after the German energy group said problems at its wind turbine unit would cost it 2.2 billion euros ($2.4 billion). Deutsche Boerse slipped 1.6% after UBS downgraded the German bourse operator to «neutral» from «buy».
Meanwhile, PostNL rose 5.6% after the Dutch postal firm lifted its 2023 operating profit guidance. OHB jumped 33% after the German space company announced a voluntary public tender offer by US investment company KKR for its outstanding shares.
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