European shares fall as losses in energy, healthcare stocks weigh
Home » European shares fall as losses in energy, healthcare stocks weigh

European shares fall as losses in energy, healthcare stocks weigh

by Inkhabar webdesk
European shares fall as losses in energy, healthcare stocks weigh

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) Sept 30 (Reuters) – European shares eased on Tuesday as heavyweight energy and healthcare stocks lost ground, while investors weighed the potential impact of a U.S. government shutdown that could delay the release of the closely-watched monthly jobs data. The pan-European STOXX 600 slipped 0.2% to 554.7 points by 0709 GMT, though set for its third successive monthly gain and a more than 2% gain for the quarter. Heavyweight oil and gas stocks dipped 0.8%, tracking declining oil prices. France's TotalEnergies and UK's BP fell more than 1% each. Healthcare stocks also shed 0.3%, with Denmark's Novo Nordisk and the UK's AstraZeneca down about 1% each. U.S. Vice President JD Vance said on Monday that a government shutdown was likely as budget talks with Democrats stalled. A closure would delay the jobs data, a key indicator of economic health, due later this week. On the economic data front in Europe, the UK economy grew 0.3% in the second quarter, French preliminary inflation stood at 1.1% in September and German retail sales unexpectedly fell in August. Among top-moving stocks, Britain's ASOS slid 11.4% after the online fashion retailer warned that its annual revenue would miss market expectations. (Reporting by Shashwat Chauhan in Bengaluru and Amir Orusov in Gdansk; Editing by Harikrishnan Nair)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

You may also like