European stocks slip after four-day run, U.S. tariffs hit Airbus

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European stocks fell on Thursday as simmering tensions between the United States and China, and elusive U.S. fiscal stimulus, pushed investors to book profits after four straight sessions of gains, while Airbus dipped as Washington left aircraft tariffs unchanged.

within striking distance of a record high, analysts said there were few cues for global equities to pull back, with investors also disregarding U.S-China angst. [MKTS/GLOB]“There’s not a lot negative sentiment the market is fairly confident that a U.S. stimulus deal will be reached even if it’s a last minute one.”

In Europe, the STOXX 600 is still about 14% below its all-time high as data points to a slower-than-expected rebound from the pandemic. A survey on Thursday showed German companies expect business to return to normal in an average of 11 months, with the number even higher for firms in the services sector.

Danish brewer Carlsberg slid 4.7% on warning that lockdowns will impact sales in the second half of the year in its key markets of China and Western Europe.

 

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