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europe-markets:-european-stocks-drift-after-rally,-awaiting-wall-street-restart
europe-markets:-european-stocks-drift-after-rally,-awaiting-wall-street-restart

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Europe Markets: European stocks drift after rally, awaiting Wall Street restart

Europe Markets

EasyJet planes standing behind a car park at Stansted Airport on June 30, 2020 in Stansted, United Kingdom.


Dan Kitwood/Getty Images

European stocks clung onto most of the previous day’s rally, as traders waited for Wall Street’s return after a three-day break.

Up 1.7% while U.S. markets were shut for Labor Day, the Stoxx Europe 600
SXXP,
-0.89%

slipped 0.1%.

The German DAX
DAX,
-0.65%

and French CAC 40
PX1,
-1.01%

also slipped, while the FTSE 100
UKX,
-0.44%

rose, with the U.K. index that’s loaded up on exporters continuing to be bolstered by the weakness of the British pound
GBPUSD,
-0.34%

on concerns over trade negotiations with the European Union.

A mixed session looked in the cards for the U.S. after a three-day break, with the Nasdaq 100
NQ00,
-1.15%

set for a weaker open amid the continued worries about the tech stock rally, as well as the surprise decision by S&P Dow Jones Indices not to allow Tesla into the S&P 500.

EasyJet
EZJ,
-4.51%

dropped 5% 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
JD,
+7.12%

jumped 7% as the sporting-goods retailer said it was “generally encouraged by our performance since the stores re-opened and with our performance in the first few weeks of the second half” that started Aug. 1.

Royal Mail
RMG,
+14.14%

rallied as the group’s statement ahead of its annual shareholder meeting highlighted the continuing shift to delivering parcels rather than mail.

Experian
EXPN,
+2.89%

rose over 3% as the credit checker revised upwards its estimate of revenue growth, citing U.S. mortgage demand, though it also revised cost estimates higher.

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