UK39;s Auto Trader hits record high as annual profit jumps
Telecom Italia drops after releasing quarterly results
SAP down after peer Salesforce misses estimates
STOXX 600 up 0.2

May 30 Reuters European shares recouped early losses to edge higher on Thursday, supported by healthcare stocks, as investors await more economic data from the euro zone that will provide insights in the European Central Bank39;s interest rate path.

The panEuropean STOXX 600 index was up 0.2, and healthcare led the gains with a nearly 1 advance.

Technology shares and miners were the top losers, falling 0.8 and 0.6, respectively.

The mining subindex slumped after global miner BHP Group walked away from its 49 billion plan to take over rival Anglo American.

German software company SAP led the losses for the technology sector with a 3.1 slide after a big drop in peer Salesforce, which missed Wall Street expectations due to weak client spending on its cloud and enterprise business products.

The main focus will be on the euro zone39;s economic sentiment data, due at 0900 GMT, expected to see a slight improvement in May, while April39;s unemployment rate due at the same time will help gauge the economic strength of the region.

German 10year bund yields hit sixmonth highs earlier in the session, and were last at 2.667, after a spike in the previous session following weak U.S. Treasury auctions and strong data that threw rate cuts in doubt.

As markets start to price a more significant Fed…

Leave A Comment