European shares steady with focus on upcoming US data; Siemens slides

Published on 11/13/2025 at 03:29 am EST - Modified on 11/13/2025 at 03:30 am EST
(Reuters) - European shares were steady on Thursday, as investors braced for crucial U.S. economic data following the end of the nation's longest government shutdown, while losses in Siemens also limited gains after it reported underwhelming earnings.
The pan-European STOXX 600 index edged up 0.1% to 585.13 points by 0814 GMT, trading close to record highs.
Tech stocks led sectoral gains with a 0.9% rise, as ASML and Infineon showed signs of recovery from steep losses incurred last week.
Late on Wednesday, U.S. President Donald Trump signed legislation ending the government shutdown, paving the way for federal agencies to resume collection of data crucial for policymaking.
September's jobs report will likely be the first to be released. After private surveys signalled cracks in the labour market, investors are anticipating that a Federal Reserve interest rate cut could be imminent.
Meanwhile,Siemenslost 4% after the engineering company'sindustrial profit came slightly below analyst forecasts during its fourth quarter and it unveiled plans to reduce its stake inSiemens Healthineers.
Delivery Herogained 2% after the German online takeaway food company said it expected growth to accelerate in the current quarter, driven by a recovery in its Asian market.
(Reporting by Johann M Cherian in Bengaluru)

Sumber : Reuters