European Indexes Edge Lower as Inflation Concerns Loom
Dow Jones
Sep 08
0724 GMT - European stock indexes mostly edge lower in early trade, with higher oil prices weighing on sentiment. The Europe-wide Stoxx 600 is 0.3% lower, dragged by inflation-vulnerable stocks. London's FTSE 100 is about flat, with rising oil majors cushioning other losses. In Paris, the CAC 40 falls 0.25% as Societe Generale slides 2.2%, while luxuries continue to weaken. The German DAX loses 0.2% as chip maker Infineon drops 2.45% after a broker downgrade. Italy's FTSE MIB falls 0.2%, while the Spanish IBEX 35 slips 0.3%. The Dutch AEX is 0.1% higher despite ASML weakness, as beer maker Heineken rises 1.2%. Elsewhere, Novartis shares slide close to 10% after the Swiss drug maker recorded its third trial disappointment in the space of a week.
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