European Stocks Dip on Tech Losses, U.S. Jobs Caution

The pan-European STOXX 600 index slipped 0.2%, with tech stocks down 0.9%, while oil & gas stocks jumped 1.1% as crude prices rose on doubts the U.S. government would release oil from its strategic reserves. [O/R]

Still, the benchmark was on course for weekly gains as relief over a temporary lifting of the U.S. debt ceiling countered worries that soaring energy costs would push inflation higher.

UK travel stocks including British-Airways owner ICAG, Whitbread and Ryanair gained between 0.5% and 2.9% after Britain was set to scrap tough COVID-19 quarantine requirements for 47 destinations.

However, UK-listed shares of travel company TUI Group plunged 12.3%.

For a look at all of today’s economic events, check out our economic calendar.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)