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FinanceEuropean shares retreat from record high; easyJet surges on takeover offer
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European shares pulled back from a record high on July 6, 2026, with the pan-European Stoxx 600 index slipping 0.35% to close at 650.5 points. The retreat followed strong gains driven by better-than-expected industrial orders in Germany, the eurozone's largest economy, for May. Meanwhile, easyJet shares surged after a takeover offer, boosting investor sentiment in the airline sector. The market's slight decline reflects profit-taking after the recent rally, but the positive economic data from Germany underpins confidence in the region's recovery.
Source report
Industrial orders in the eurozone's largest economy rise more than expected in May
Published: Tue, Jul 7, 2026 · 05:30 AM
BENGALURU — Europe's benchmark Stoxx 600 index pulled back from its record high, slipping 0.35% to close at 650.5 points.
- The pan-European index retreated after reaching an all-time high in the previous session.
- easyJet shares surged following a takeover offer.
- Industrial orders in Germany, the eurozone's largest economy, rose more than expected in May.
Source
The Business TimesWestern
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