European shares fell on mixed data and Middle East concerns, with STOXX 600 slipping 0.2%.

From Nasdaq.: 2024-10-15 05:40:14

European shares fell after two days of gains, as mixed regional data and Middle East concerns affected market sentiment. Germany saw a steep decline in wholesale prices in September, while investor confidence improved. France reported a slowdown in consumer price inflation due to cheaper energy costs. U.K. wage growth softened to a two-year low, fueling expectations of further interest rate cuts. The STOXX 600 slipped 0.2%, with the DAX marginally higher, CAC 40 down 0.8%, and FTSE 100 down 0.4%. Ericsson shares surged after reporting a profit, while BP and Shell fell on weak demand forecast and geopolitical tensions. Workspace Group dropped, while Bellway soared on a positive housing market outlook. TotalEnergies warned of a sharp decline in downstream results, and Deutsche Bank dropped after a share sale.



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