European stock markets open positive but sluggish, with many groups of stocks falling sharply

European stocks open higher but bearish, despite rising corporate stocks pushing the market, many groups of stocks fall

On October 7, 2567, Reuters reported that European stock markets opened higher today, boosted by gains in listed companies. However, market excitement about strong US employment data began to subside, and several sectors declined.

The STOXX 600 index opened at 519.12 points, up 0.56 points or +0.11%.

The German DAX stock index opened at 19,150.27 points, up 29.34 points or +0.15%.

The CAC-40 index of the French stock market opened at 7,571.97 points, up 30.61 points or +0.41%.

Real estate stocks fell 1%, while utilities stocks fell 0.5%.

Shares of German construction company Heidelberg Materials jumped 5.6% following reports that India's Adani Group is in negotiations to acquire its cement manufacturer for $1.2 billion.

Shares of Richemont, the Swiss luxury goods company, rose 1.3% after it agreed to sell its online fashion and jewelry business, Yoox Net-A-Porter, to Mytheresa, a German luxury fashion platform.

Meanwhile, investors in the region are also eyeing the eurozone's August retail sales data later today.

Reference: reuters.com

Read news related to Thai stock situation - Thai stock market can be found here.