European stocks tumbled on Thursday, as heightened concerns about China’s economic recovery and expectations for a more hawkish Federal Reserve sapped investors’ appetite for risk. <\/p>\n
Investors were also reacting to mixed economic data from the region. <\/p>\n
German factory orders advanced 6.4 percent on a monthly basis in May, following a 0.2 percent rise in April, data published by Destatis revealed. <\/p>\n
Orders were expected to grow 1.5 percent after April’s initially estimated 0.4 percent drop.<\/p>\n
Eurozone retail sales flatlined in May for the second month in a row, missing expectations of a 0.2 percent increase.<\/p>\n
The pan European STOXX 600 fell 1.3 percent to 451.96 after declining 0.7 percent on Wednesday. <\/p>\n
The German DAX dropped 1.1 percent, France’s CAC 40 shed 1.8 percent and the U.K.’s FTSE 100 was down 1.2 percent. <\/p>\n
The dollar held slightly higher alongside Treasury yields ahead of the all-important U.S. jobs report due on Friday.<\/p>\n
Carrier Norwegian Air Shuttle rallied 2 percent after passenger numbers rose in June both on month and on year.<\/p>\n
Brenntag shares dropped about 1 percent. The German chemicals and ingredients distribution company said it would unveil the result of a strategic review later this year.<\/p>\n
Aircraft maker Airbus fell about 1 percent in Paris. Reuters reported, citing industry sources that its deliveries increased by 6 percent in the first half of the year and the company is targeting 720 deliveries for the year.<\/p>\n
Currys plunged more than 11 percent after the British electronics retail giant warned of reduced consumer spending.<\/p>\n
Avation Plc shares plunged 7 percent. The commercial passenger aircraft leasing company said it expects lease revenue for the year-ended 30 June 2023 to be about U$90 million.<\/p>\n
Financial services firm Just Group fell about 1 percent after appointing Mark Godson at its new CFO.<\/p>\n
Oilfield services firm Hunting soared 22 percent after its first quarter core profit jumped more than threefold.<\/p>\n
Hedge fund Man Group advanced 1.5 percent after it has agreed to buy a controlling interest in U.S. middle-market private credit manager Varagon Capital Partners for $183m. <\/p>\n