European shares open lower, Inditex leads retailers higher
Retailers jumped 2.3%, leading sectoral gains after shares of fashion brand Zara’s owner Inditex leapt 5%. Spanish stocks rose 0.3%, among few gainers in Europe.Inditex reported a 24.5% jump in six-month sales and a higher profit than a year ago, closing July on a strong footing just before fashion demand started weakening last month due to rampant inflation.
