Europe: Defensive sectors lead stocks lower
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[BENGALURU] European shares slipped on Thursday (Jan 13), 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 per cent as at 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 per cent after a second forecast cut for 2021.
Food ingredients maker Chr Hansen rose 4.6 per cent after reporting quarterly organic revenue growth well above forecasts.
Swiss plumbing supplies firm Geberit slipped 2.3 per cent as it said increased uncertainty made it impossible to give a 2022 outlook for raw materials prices or the construction market overall.
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REUTERS
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