Deutsche Telekom up after increase in Q2 core earnings
Zurich Insurance down after H1 results
STOXX 600 down 1.1

Aug 8 Reuters Europe39;s benchmark stock index lost over 1 on Thursday, led by losses in the technology sector, and was set to wipe out all gains from the previous session, mirroring the gloomy sentiment seen in Asian markets.

The panEuropean STOXX 600 was down 1.1 by 0830 GMT, after rising 1.5 in the previous session.

Tech stocks weighed heavily on the index, losing 1.8, following a decline in Asian tech stocks and an overnight 1.1 slide in the Nasdaq.

The basic resources sector was down 1.5, as copper prices were subdued due to higher inventories and a pessimistic global growth outlook.

Banks lost 1.3, after Poland39;s secondbiggest lender Pekao fell 4.4 after posting a 19 drop in its secondquarter net profit.

British banks NatWest Group and Standard Chartered lost 3 and 2 respectively as they traded without entitlement to their latest dividend payouts.

The STOXX 600 has been volatile in a tumultuous week, as investors evaluated fears of a potential U.S. recession amid lower trading volumes and an absence of clear macroeconomic signals.

German inflation data is due on Friday, where markets will get a clear picture on Europe39;s largest economy as it grapples with a likely recession.

Investors will also look out for the weekly U.S. initial jobless claims data later in the day.

The U.S. jobs data may get more attention than normal.. equity markets…