European markets were down Wednesday with travel-sector stocks leading losses after a profit warning from German airline Deutsche Lufthansa.
Data earlier showed the number of people seeking jobless benefits decline more-than-expected in May while the country’s jobless rate also fell to its lowest level since January 2009.
Stocks on the Move
J Sainsbury PLC rose 2% after it provided its first-quarter trading statement.
Rolls-Royce fell 1.6% after it said its order book would shrink by 2.6 billion pounds following an order cancellation by Emirates for Airbus passenger jets.
Over in Paris, Airbus fell 3.7%.
Travel sector stocks were lower as easyJet fell 2.6% and Thomas Cook gave up 1.9%. The sector headed lower after German airline Deutsche Lufthansa cut earnings forecast for this year and the next. Its shares plunged 13%.