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European shares open flat on healthcare drag
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European shares open flat on healthcare drag
Jun 19, 2024 12:42 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

June 19 (Reuters) - European shares opened flat on

Wednesday as losses in heavyweight healthcare stocks kept a lid

on gains, while shares in Britain came under pressure following

fresh inflation data.

The pan-European STOXX 600 held steady at 515.25

points as of 0711 GMT, with healthcare among the biggest

drags with a 0.5% decline.

On the bright side, travel and leisure gained 0.7%,

boosted by Accor, which rose 2.3% after Barclays

upgraded the hotel group's rating to "overweight" from "equal

weight".

Meanwhile, data showed British inflation returned to its 2%

target in May for the first time in nearly three years. UK's

FTSE 100 was last down 0.2%.

Among other stocks, SMA Solar Technology AG

dropped 29% after the German solar power parts supplier cut its

profit guidance, citing political uncertainty.

Trading is expected to be light in the absence of U.S.

participants as markets there were shut for a public holiday.

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