European shares open flat on healthcare drag By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 19 2024
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Source: Investing.com
- European Shares: European shares opened flat with healthcare stocks dragging gains, while British shares were pressured by fresh inflation data.
- STOXX 600: The pan-European STOXX 600 remained steady with healthcare stocks declining by 0.5%.
- Travel and Leisure: Travel and leisure sector gained 0.7%, led by Accor which rose 2.3% after a rating upgrade by Barclays.
- British Inflation: UK's inflation returned to the 2% target in May for the first time in nearly three years, impacting the FTSE 100 which was down by 0.2%.
- Stock Movements: SMA Solar Technology AG dropped 29% due to profit guidance cut, while U.S. markets were closed for a public holiday affecting trading volume.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
