(Reporting by Amruta Khandekar)
(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 9 (Reuters) - European shares fell on Tuesday, with
Sweden's SBB leading declines after delaying its dividend
payment while investors remained wary ahead of crucial upcoming
U.S. economic data releases.
The pan-European STOXX 600 index fell 0.2% by 7:06
GMT, with investor focus on U.S. consumer prices data due later
this week for cues on whether the Federal Reserve can pause
future rate hikes.
SBB dropped 7.7% after the Swedish landlord on
Monday said it would delay its dividend payment and no longer
carry out a 2.63 billion Swedish crowns ($259.1 million) rights
issue after S&P Global cut its credit rating to junk.
Limiting losses, Banco BPM climbed 4.9% after
Italy's third-largest bank raised its profit target for this
year and the next, following stronger-than-expected
first-quarter earnings.
Fresenius Medical Care advanced 1.4% after the
German dialysis specialist reported a smaller-than-expected drop
in its first-quarter adjusted operating income.
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