European shares started trading lower today, Wednesday, due to losses in technology shares before the release of key inflation data from the United States, while gains in the shares of Ahold of Delhas supermarkets limited the losses.
The pan-European Stoxx 600 index fell 0.2 percent in the first half hour of trading.
And if the US CPI report in July exceeds expectations, it could trigger fears in markets that already expect the Federal Reserve to raise interest rates by 75 basis points next month.
Interest rate-sensitive technology shares fell 0.5 percent, according to Archyde.com, to lead the declines at a time when financial markets in the entire euro zone are now preparing for the European Central Bank to raise interest rates by half a basis point in September.
And what helped the European Stoxx 600 index to reduce the losses that jump achieved by the stock of Ahold Delhaz by 5.9 percent, which made it to the top of the index.
The Dutch company said it was delaying plans for the initial public offering of its non-food retailer Pol.com because market conditions were not right.
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