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European shares flatten as bond market concerns subside and airline stocks fall

Click or type LIVE/ to see a live blog of the U.S., UK, and European stock market. European shares were steady on Thursday, as investors held off amid bond market uncertainty, and a poor forecast from British low-cost airline Jet2 hurt the travel and leisure industry.

The pan-European STOXX 600 shook in the early trading and was flat at 546.93 at 0722 GMT.

Travel and leisure declined 1.2%. TUI Germany and Easyjet each fell over 4%.

The shares of British low-cost carrier and travel company Jet2 lost a quarter after it forecasted that its operating profit for the full year would be at the lower end of its expectations.

Porsche's shares fell by nearly 1% after recent losses, a result of U.S. tariffs on imports and a weakening in demand in China.

This week, caution prevailed after concerns about debt-fueled fiscal spending by governments in developed markets resurfaced. This sparked volatility among European stocks and bonds with longer maturities.

The focus will then shift to the debt auctions that are taking place in France and Britain, two countries at the heart of Europe's bond selling. Tristan Veyet reported from Gdansk, Johann M Cherian from Bengaluru and Nivedita Battacharjee edited the story.

(source: Reuters)