European stocks ended mixed on Thursday, though they pared intraday sharp losses after U.S. jobs and retail-sales data beat expectations.
The Stoxx Europe 600 index fell 0.1% to close at 290.51, extending losses into a fourth straight session.
The index has lost 3.5% in June to date, with investors
worried central banks will start to scale back stimulus measures, which
have been widely credited for the sharp rally earlier in the year.
Germany’s DAX 30 index dropped 0.6% to
8,095.39, after earlier slipping below the 8,000 level for the first
time since early May. ThyssenKrupp AG lost 2.4% and Siemens AG fell
1.5%.
France’s CAC 40 index inched 0.1% higher to 3,797.98, while the U.K.’s FTSE 100 index added 0.1% to 6,304.63.
Among major movers in the pan-European index, shares of
Royal Bank of Scotland Group PLC dropped 3.3% after the bank said late
Wednesday that Chief Executive Stephen Hester will step downat the end
of the year.
The broader European stock markets trimmed losses in the
afternoon, after both U.S. retail-sales and jobless-claims data beat
expectations.
Centrica PLC gained 1% in London after the gas-utility firm
bought a 25% stake in a shale-gas deal, marking the first big U.K. name
to enter the shale business.
Mining firms also supported the U.K. index, with shares of
Rio Tinto PLC up 2.6% and BHP Billiton PLC 1.8% higher. Metals prices
were, however, broadly lower.
Outside the major indexes, Banco Santander SA lost 0.5%
after J.P. Morgan Cazenove cut the Spanish bank to underweight from
neutral.
Software AG dropped 2.9% after Credit Suisse cut the firm to underperform from neutral.


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