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May 16 Reuters European shares edged lower on Thursday, weighed down by German engineering group Siemens after a secondquarter industrial profit miss, while automobile and energy stocks were also dragged by multiple industry heavyweights trading exdividend.

The panEuropean STOXX 600 was down 0.1 as of 0830 GMT, after hitting a fresh record high on Wednesday, as a lowerthanexpected rise in U.S. consumer prices in April boosted bets for a September rate cut by the Federal Reserve in a boost to global sentiment.

The door for central banks to cut have been opened again after they looked firmly shut sometime back, said Andreas Bruckner, European equity strategist at BofA Global Research.

Economists are still expecting a June rate cut by the European Central Bank ECB, Bruckner added.

The STOXX 600 gained for nine straight days till Wednesday as investors cheered robust corporate earnings in the face of the ECB39;s alltimehigh interest rates after European shares39; recordbreaking run came to a halt last month.

Improvements are coming through in terms of earnings beats, aligning with the idea the first quarter has seen green shoots in the macro dynamics in Europe, BofA39;s Bruckner said.

Automobile was the worsthit sector, down 1, as Bayerische Motoren Werke and Daimler Truck dropped 5.3 and 2.6, respectively,…