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European shares slip as miners, travel stocks weigh

Published 03/10/2021, 04:24 PM
Updated 03/10/2021, 04:30 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 10 (Reuters) - European stocks pulled back on
Wednesday after surging close to pre-pandemic levels a day
earlier, as worries about rising inflation kept investors on
edge, with mining and travel stocks leading the retreat.
The pan-European STOXX 600 index .STOXX fell 0.3% by 0810
GMT, after hitting its highest level since late February 2020 on
Tuesday.
Economically sensitive sectors such as miners .SXPP ,
travel & leisure .SXTP and industrial companies .SXNP led
the declines in Europe, while telecoms .SXKP and real estate
.SX86P stocks edged higher.
Meanwhile, data showed China's factory gate prices rose at
the fastest pace since November 2018 in February. Among individual stocks, Zara-owner Inditex ITX.MC slipped
1.2% after it reported a 70% fall in 2020 net profit as a year
of global lockdowns kept many of its shops shut. Just Eat Takeaway.com TKWY.AS rose 2.9% after the
food-ordering company said it expected further growth in 2021.

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