BM down after retailer narrows profit forecast
Tecan Group up after annual sales beat expectations
Tesco slips on retaining profit outlook
STOXX 600 inches up

Jan 9 Reuters European stocks shed early losses to edge higher on Thursday, as gains in miners offset declines in retailers although uncertainty about the monetary policy path and U.S. tariff plans kept bond markets under pressure.

The panEuropean STOXX 600 inched up 0.1 as of 1036 GMT, reversing early declines of about 0.5.

Concern about rising inflation, reduced chances of a drop in interest rates, uncertainty over how U.S. presidentelect Donald Trump will conduct foreign or economic policy, and the prospect of trillions of dollars in extra debt sales have sent bond yields soaring around the world this week.

A report about U.S. Presidentelect Donald Trump considering declaring a national economic emergency to provide legal justification for a series of universal tariffs also hurt market sentiment.

Investors were squarely focussed on Trump39;s Jan. 20 inauguration to check whether he sticks to his rhetoric on protectionist measures and their implications on the European economy.

There is hope right now that Trump39;s threats are more of a tool to initiate negotiations with a punch rather than a complete endgame where he would definitely impose tariffs on Europeans, said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.

So there is this hope that the things could not get as bad as he pretends…