European shares opened higher on Thursday, though market participants were still cautious after Asian equities fell for a fourth consecutive day, and as focus turns to key U.S. data due later in the session.
"We'll need 3-4 months of quiet before people start moving back . Big tech companies more exposed to social issues - whether property or education - are subject to regulatory risks."The euro was down 0.2% at $1.17865 .
The Australian dollar - which is seen as a liquid proxy for risk appetite - was 0.2% weaker at $0.73195 . Jobs data showed that Australian employment dived in August as coronavirus lockdowns in Sydney and Melbourne forced businesses to lay off workers and slash hours."Even with the slowing in retail sales over recent months, retail sales are still nearly 20% above the pre-COVID baseline and our US colleagues think the slowing/normalization to come will likely remain in place well into 2022," wrote RBC analysts in a note to clients.
Oil prices slipped, paring some of the large gains made in the previous session after a larger-than-expected fall in crude oil stocks in the United States. Germany's benchmark 10-year yield hit a two-month high ahead of a pick-up in issuance. European Central Bank head Christine Lagarde is due to speak at 1200 GMT.Reporting by Elizabeth Howcroft, additional reporting by Sujata Rao; Editing by Emelia Sithole-MatariseSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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