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STOXX DIPS
European shares opened lower on Wednesday but quickly pared some losses, supported by strength in some consumer-facing stocks and defensives that helped partly offset weakness in defence and the broader industrial space.
Moves were modest and lacked big conviction, as traders remained cautious ahead of the Jackson Hole symposium later this week, where policymakers may offer fresh signals on rates. Diplomatic efforts to end the war in Ukraine were also in focus.
The STOXX 600 .STOXX slipped 0.2%. Aerospace and defence .SXPARO fell 0.7% but came off session lows, suggesting some dip-buying interest. Italian defence group Leonardo LDOF.MI rose around 1% after slumping 10% in the previous session.
Banks .SX7P were a touch weaker.
Here is your opening snapshot:
(Danilo Masoni)
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EARLIER ON LIVE MARKETS
BEFORE THE BELL: STICKY UK INFLATION, PRESSURE ON DEFENCE STOCKS CLICK HERE
TECH WRECKS THE PARTY CLICK HERE