Defensive sectors lead European stocks lower

European shares slipped on Thursday, weighed down by defensive and travel stocks, on a continuing surge in COVID-19 cases globally due to the Omicron variant and as worries persisted about a tighter monetary policy environment. The pan-European STOXX 600 fell 0.2% as of 0825 GMT, with healthcare, food & beverage and travel stocks leading declines.

European shares slipped on Thursday, weighed down by defensive and travel stocks, on a continuing surge in COVID-19 cases globally due to the Omicron variant and as worries persisted about a tighter monetary policy environment.

The pan-European STOXX 600 fell 0.2% as of 0825 GMT, with healthcare, food & beverage and travel stocks leading declines. German Chancellor Olaf Scholz urged mandatory COVID-19 vaccinations for all adults, while the French Senate approved new measures to tackle the virus, including a vaccine pass.

Germany's largest solar group SMA Solar Technology dropped 7.7% after a second forecast cut for 2021. Food ingredients maker Chr Hansen rose 4.6% after reporting quarterly organic revenue growth well above forecasts.

Swiss plumbing supplies firm Geberit slipped 2.3% as it said increased uncertainty made it impossible to give a 2022 outlook for raw materials prices or the construction market overall.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)