Both the STOXX 50 and the STOXX 600 slipped 0.2% on Thursday, marking a third straight session of losses for the former.
Weak sales and profit forecasts from Oracle weighed on the tech sector, overshadowing relief from the Federal Reserve's latest interest rate cut and its signal that one more reduction is expected in 2026. Tech shares were broadly lower, with ASML Holding down 1.2%, SAP off 2.8%, Infineon Technologies slipping 0.6%, and Dassault Systèmes easing 0.4%.
Ocado Group dropped more than 4.5%, pulling back after strong gains in the previous session, while Sartorius declined 2%. In contrast, RS Group jumped 4%, topping the STOXX 600 after receiving a rating upgrade from JPMorgan.
Source: Tradingeconomics.com
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Both the STOXX 50 and the STOXX 600 slipped 0.2% on Thursday, marking a third straight session of losses for the former.
Weak sales and profit...