As traders waited for Wall Street’s return after a three-day break, the European stocks clung onto most of the previous day’s rally.
Up by 1.7% while U.S. markets were shut for the Labor Day holiday, the Stoxx Europe 600 slipped 0.9% (SXXP, -1.20%).
As did the German DAX (-0.98%), French CAC 40 (-1.76%) and U.K. FTSE 100 (-0.42%).
A mixed session looked on the cards for the U.S. after the three-day break, with the Nasdaq-100 (-2.16%) set for a weaker opening amid the continued worries about the technology stock rally – as well as the surprise decision by S&P Dow Jones Indices not to allow Tesla (-14.83%) into the S&P 500.
Renewed discussion by Donald Trump of China ‘decoupling’ added further concern for markets.
EasyJet (-5.95%) dropped 6%, as the airline said additional quarantine restrictions to seven Greek Islands will mean it will fly ‘slightly less than 40%’ of its planned schedule over the current quarter.
JD Sports Fashion (+8.36%) jumped 8%, as the sporting-goods retailer said it was ‘generally encouraged by our performance since the stores reopened and with our performance in the first few weeks of the second half’ that started August 1.
Royal Mail (+24.39%) rallied 16%, as the group’s statement ahead of its annual shareholder meeting highlighted the continuing shift to delivering parcels rather than mail.
Experian (+4.14%) rose 2%, as the credit checker revised upwards its estimate of revenue growth, citing U.S. mortgage demand, though it also revised cost estimates higher.