Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
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Aug 28 (Reuters) - European shares were trading lower in
early deals on Wednesday, led by losses in technology stocks, as
fears that major economies might be on the brink of recession
intensified.
A deep inversion in the U.S. Treasury yield curve once again
rattled investors still worried about economic growth in the
face of a U.S.-China trade war that is now in its second year
and is weighing on the global economy.
The pan-European STOXX 600 index .STOXX slipped 0.47% by
0715 GMT, with Germany's trade-sensitive DAX .GDAXI
underperforming with a 0.54% drop.
The biggest fallers on the DAX were software provider SAP SE (DE:SAPG)
SAP.DE , chipmaker Infineon Technologies AG IFXGn.DE and
payments company Wirecard AG WDIG.DE . They were down between
0.9% and 1.2%.
Shares of British oil major BP Plc BP.L rose 1.1% and gave
the biggest boost to the main index, after the company agreed to
sell all its Alaskan properties for $5.6 billion to privately
held Hilcorp Energy Co.