European Shares Decline Ahead of US Inflation Data

European shares fell on Friday on nervousness related to the increase in infections with the Covid-19 disease and ahead of the release of US inflation data later, which led to caution overshadowing sentiment.

The pan-European Stoxx 600 index was down 0.4 percent, following a broader risk aversion in global stock markets.

The technology sector was the top decliner, with the sector index down one percent. Both Deliveroo and Just Eat Away, a food delivery service, fell more than one percent, adding to last week’s losses.

Shares of Daimler were trading at $31.62at the opening in its first offering on the Frankfurt Stock Exchange. Daimler shares tumbled 17.4 percent in early trade.