European shares were on track to snap a six-session winning streak on Thursday, after lacklustre U.S. economic data rekindled fears of a global economic slowdown while downbeat corporate earnings at home soured investor appetite further.
The pan-European STOXX 600 (.STOXX) was down 0.6% at 0815 GMT. In the previous session, the benchmark index marked its longest winning streak since November 2021.
Energy stocks (.SXEP) and industrials (.SXNP) were the biggest drags amid a broad-based market decline.
Wall Street tumbled overnight after data showed that U.S. manufacturing output had slumped last month and retail sales dropped by the most in a year, while hawkish comments from Federal Reserve officials further weighed on the markets.
Among individual stocks, Renault (RENA.PA) slipped 2% as 2022 group sales fell for a fourth consecutive year after capacity constraints and supply chain snags impacted the French carmaker.
Boohoo (BOOH.L) fell 5% as the British online fashion retailer’s revenue fell 11% in its key Christmas trading period, hurt by delivery disruption and tough comparatives.
Shares of Dr Martens Plc (DOCS.L) slumped 22% after the British bootmaker warned on annual profit and revenue due to operational issues.
