- European shares opened on a sombre note on Thursday as investors returned after a mid-week holiday to parse a slew of big-ticket earnings and the Federal Reserve signalling a delay in interest rate cuts.Investors were back after the Labour day holiday on Wednesday, a day that saw the Fed signal rates would stay higher for longer owing to recent disappointing inflation readings.
Energy stocks dropped 1.7%, with Vestas losing 4.2% after the world's largest wind turbines maker reported a surprise first-quarter loss.) jumped 5.4% after a 2.5 billion euro share buyback and a strong first-quarter performance. Britain's Standard Chartered (OTC:Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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