European shares linger near record levels, airlines rise

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photo

(Reuters) – European stocks held steady near all-time highs, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week.

The pan-European index was flat in early trading, just short of a record high of 455.66 hit in the previous session.

Airlines, including Air France KLM, Lufthansa and British Airways-owner IAG (LON:), rose more than 1% after the U.S. CDC said it was easing travel recommendations on 110 countries and territories.

Spanish retail giant Inditex (MC:) rose 1.3% after reporting a first-quarter net profit of 421 million euros ($513 million) that easily beat analysts’ expectations.

French food group Danone slipped 1.5% after RBC downgraded the stock to “under perform”.

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