European equities slipped on Thursday following the release of stronger-than-expected readings on hiring conditions in the US, even as investors waited on what many considered to be the all-important monthly jobs report in the States due out the next day.
The pan-regional Stoxx 600 index drifted lower by 0.20% to 439.33, alongside a 0.38% dip for the German Dax to 14,436.31, and alongside a 0.56% rise Spain’s Ibex 35 meanwhile added to 8,607.60.
Adding to the more wary mood, on Wednesday evening, minutes from the Fed’s December meeting showed the central bank remained committed to higher interest rates for “some time”, leading US markets to pare gains on the day and some analysts to apparently turn a bit more cautious.
Oil prices rebounded after heavy losses this week, climbing almost 1%, as China’s reopening added optimism for an economic rebound and support in demand.
In equity news, Next shares gained as the company beat forecasts for Christmas sales, but warned that profits this year would be lower.
UK and French discount retailer B&M also rose as it lifted annual profits guidance, driven by string festive-season sales.
The upbeat news also helped Primark owner Associated British Foods, Marks & Spencer and JD Sports Fashion.
