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Feb 17 (Reuters) - European shares retreated from near
one-year highs on Wednesday as concerns about a possible rise in
inflation tempered optimism around a vaccine-led global economic
recovery, while Kering tumbled after sales at its Gucci brand
fell more than expected.
Shares of the French conglomerate PRTP.PA , which also owns
the Saint Laurent brand, slumped 8.2% as revenue for the whole
group fell 8.2% in the fourth quarter. The broader European
retail index .SXRP fell 2.9%. The pan-European STOXX 600 index .STOXX was down 0.4% by
0804 GMT, with healthcare, telecoms and financial services
stocks also leading declines.
London's blue-chip FTSE 100 .FTSE lost 0.4% as data showed
British inflation rose a little more than expected in January.
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