European equities traded mostly lower on Thursday, pressured by persistent inflation and signs of a cooling U.S. labor market, raising questions over the Federal Reserve’s near-term rate moves.
The losses were somewhat contained after a survey indicated that German consumer confidence could stabilize in October. The forward-looking index climbed to -22.3 from a revised -23.5 in September, reflecting improved income expectations.
At mid-morning, Germany’s DAX fell 1.0%, France’s CAC 40 lost 0.8%, and the U.K.’s FTSE 100 slipped 0.4%.
Corporate Movers:
- TotalEnergies (EU:TTE) eased in Paris following its announcement to slow the pace of share repurchases for the remainder of the year.
- Defense contractor Babcock International (LSE:BAB) dropped in London after maintaining its full-year guidance.
- European automakers performed well as August car registration data showed a second consecutive monthly increase.
- JD Sports Fashion (LSE:JD.) rallied after unveiling a £100 million share buyback initiative.
- Safety and health technology firm Halma (LSE:HLMA) advanced after raising its full-year revenue growth forecast.
Overall, European markets remain cautious, balancing U.S. economic uncertainties with pockets of corporate optimism.
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