The pan-European Stoxx 600 index fell 0.7 percent by 0708 GMT, ending a 3-day rally after a grueling overnight session on Wall Street on the back of bleak consumer confidence data in the United States.
Germany’s DAX index led the decline among other indicators in the region, falling by 0.9 percent ahead of the preliminary reading of German inflation expected at 1200 GMT.
H&M shares rose 0.7 percent after the world’s second-largest fashion chain reported a more-than-expected 33 percent growth in quarterly profit.
And luxury goods stocks gained after the health authorities in China said they would reduce the quarantine period related to Covid-19 to 7 days for those coming from abroad, with three more days spent at home, while Beijing and Shanghai did not record any new local infections with the Corona virus for the first time. once months ago.
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