European shares flat as U.S. job data boost fades

  • Reuters
  • Stock Market News
European shares flat as U.S. job data boost fades
Credit: © Reuters.

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LONDON, Feb 4 (Reuters) - European shares were mixed at the open on Monday as optimism fueled by data showing a buoyant U.S. labour market last week faded while a flurry of corporate news triggered sharp individual moves.

The pan-European STOXX 600 .STOXX was down 0.1 percent at 0841 GMT with regional indexes experiencing a choppy start of the trading session.

Germany's Wirecard WDIG.DE scored the best performance in early deals with its shares skyrocketing 15 percent after it said a law firm it appointed made no conclusive findings of criminal misconduct after allegations of irregularities. ore pellet producer Ferrexpo FXPO.L experienced a sharp move in the opposite direction after its auditors received statements from a charity containing "unexplained discrepancies". in mergers and acquisitions also grabbed traders' attention with Denmark's DSV DSV.CO falling 3.5 percent after its bid for Panalpina (off 7.4 percent) hit a road block when the Swiss freight forwarder's top shareholder rejected the offer. the financial sector, Julius Baer BAER.S fell more about 5 percent after announcing cost cuts as profit missed expectations.

Ryanair shares were down 3.2 percent after the Irish budget airline reported a 20 million euro ($22.9 million) loss in the third quarter due to weaker fares which it expects to continue throughout the year. ($1 = 0.8737 euros)

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