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€31.37 -0.9  -2.7%

Last Trade - 06/05/21

Large Cap
Market Cap £36.22bn
Enterprise Value £39.44bn
Revenue £8.63bn
Position in Universe 34th / 1049

European shares retreat from 3-week highs on U.S.-China trade jitters

Wed 12th June, 2019 8:02am
(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
    June 12 (Reuters) - European shares pulled back from
three-week highs on Wednesday after the United States toughened
its stance on trade with China and data from Beijing showed
factory inflation slowed in May, deepening fears of a global
economic slowdown.
    President Donald Trump said on Tuesday he was holding up a
trade deal with China and had no interest in moving ahead unless
Beijing agrees to four or five "major points" which he did not
    The pan-regional STOXX 600 index  .STOXX  fell 0.45% by 0713
GMT, with the tariff-sensitive technology sector  .SX8P  down
    Also weighing down the sector was a 1.2% fall in shares of
Dassault Systemes  DAST.PA  after the French technology company
agreed to buy Medidata Solutions  MDSO.O , a U.S. software
company involved in the sphere of clinical trials, in a deal
worth $5.8 billion.*:nL8N23J0JT
    Trump also took aim at the Federal Reserve, saying interest
rates were "way too high", ahead of a reading on U.S. inflation
that could shift the odds for an early cut in rates.
    Italy's FTSE MIB  .FTMIB  fell 0.38% and its banking index
 .FTIT8300  dropped 0.63% after the European Union moved closer
to taking disciplinary action over the country's growing debt.
    However, authorities in Rome made tentative steps to avert a
procedure that could saddle the country with large fines and
alienate investors.*:nL8N23I0JN
    Axel Springer  SPRGn.DE  jumped 12.4% after funds controlled
by U.S. private equity investor KKR  KKR.N  offered 63 euros a
share to buy out minority shareholders of the German publisher.*:nASP0012UH

 (Reporting by Amy Caren Daniel and Susan Mathew in Bengaluru)
 (( ; within U.S.
+1-646-223-8780; outside U.S. +91 80 6749 9250 ; Reuters
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