European stocks traded lower on Thursday as sticky inflation and a slowing job market clouded the outlook for U.S. interest rates.
The downside, however, remained capped after a closely-watched survey showed German consumer confidence is set to halt its downward trend in October.
The forward-looking consumer confidence index rose to -22.3 in October from revised -23.5 in the previous month as income expectations strengthened.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.