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Sept 2 (Reuters) -
European shares inched lower on Monday as investors braced
for a data-intensive week and awaited speeches from several
European Central Bank officials, keenly watching for clues about
the central bank's policy direction in the coming week.
The pan-European STOXX 600 index was down 0.2% by
0712 GMT after hitting an all-time high last week as inflation
in the euro zone fell to 2.2% in August, its slowest pace since
July 2021.
Miners were the top losers with a 1.3% fall after
most base metals begun September on a weaker note as the market
trimmed bets about an aggressive policy easing in the U.S. and
China's manufacturing data increased demand concerns.
Rightmove ( RTMVF ) jumped 24.5% after REA Group ( RPGRF ), the
property listings company majority-owned by News Corp ( NWSA ),
said it was considering buying the British firm to create a
global real estate giant.
Sanofi rose 2.5%. Its most advanced multiple
sclerosis (MS) drug candidate missed the main goal of two
late-stage trials to treat relapsing forms of the disease,
dimming the prospects for a widely-pursued class of drugs.
For the day, investors will track manufacturing data for
August from Germany, Spain and consolidated 20-country euro zone
at around 0800 GMT to gauge the strength of the economies in the
region.