Flutter fell 6.4%, pulling down the European travel & leisure sector index by 2.2%, after reporting full-year core profit at the lower end of its guidance range. (Reporting by Johann M Cherian in Bengaluru; editing by Eileen Soreng)
(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 2 (Reuters) - European shares opened lower on
Thursday bogged down by declines in travel and rate-sensitive
technology stocks, as investors were cautious ahead of a key
inflation reading later in the day.
Inflation across the 20 countries that use the euro is seen
at 8.2% in the 12 months leading to February, a Reuters poll
showed, from an 8.6% rise in the prior month. The data is
expected at 1000 GMT.
The continent-wide STOXX 600 fell 0.7% by 0810 GMT.
Earlier in the week, data from Spain, France and Germany
indicated that inflation remained sticky and fed into fears that
the European Central Bank would remain hawkish for longer.
Euro zone government bond yields hit fresh multi-year highs
on Thursday, pressuring interest rate-sensitive technology
stocks , which fell 1.7%.
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