European shares flat as gains from US-China truce pause
European shares
opened flat on Wednesday as investors took a breather after gains seen earlier this week following the U.S.-China trade truce, while key
inflation
data from Germany was also in focus.
The continent-wide STOXX 600 index was unchanged at 545.31 points as of 07:10 a.m. GMT. The
benchmark
had logged its fourth consecutive session of gains in the previous session on Tuesday.
The week began on a firm note after Beijing and Washington agreed to a 90-day pause on most of the tariffs imposed on each other in April, sparking optimism that a global
recession
from the trade war may be averted.
Meanwhile, data showed German inflation eased further to 2.2% in April, confirming preliminary figures, while Spain's European Union-harmonised 12-month inflation rate fell to 2.2% in March from the period through February.
Among individual stocks, luxury firm Burberry topped expectations as brand sentiment was improving. Its shares were up 7.9%.
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German chemicals distributor Brenntag fell 3% after it reported a lower-than-expected quarterly core profit.
Vestas rose 1.2% after Berenberg raised the wind turbine maker to "buy" from "hold".
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