European Shares Slip Amid Tech and Mining Losses; U.S. Inflation in Focus

European shares fell on Thursday, with technology and mining stocks leading the losses. Investors are eying U.S. inflation data for clues on Federal Reserve policy moves. The STOXX 600 index dropped 0.2%, pressured by rising bond yields. Major developments include GSK's legal settlement in the U.S. and BPER's stock surge.

European shares took a hit on Thursday, led by technology and mining stocks, as investors kept a close eye on upcoming U.S. inflation data for signals about the Federal Reserve's next policy shift.

The STOXX 600 index experienced a 0.2% decline, with bond yields adding pressure. German 10-year yields reached a fresh one-month high, mirroring overnight gains in U.S. Treasury yields.

Meanwhile, individual stocks saw notable movements; GSK surged by 5.2% following a $2.2 billion settlement over its discontinued heartburn drug, Zantac, while Italy's BPER saw a 7.6% rise after announcing a new business plan.

(With inputs from agencies.)