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Consumer staples, China-exposed stocks under pressure Ferrexpo says owner's detention in France unrelated to firm Antofagasta's Los Pelambres mine hit by blockade Spain's November retail sales fall 0.6% on year STOXX 600 off 0.2%; Spain's IBEX slips 0.3%; (Updates prices; adds comments, details) By Bansari Mayur Kamdar Dec 29 (Reuters) - European shares inched lower on Thursday, in their penultimate session of 2022, as soaring COVID cases in China dampened risk appetite across global markets.
Rate-sensitive European tech shares jumped 2.0%, boosting the main index, as euro zone government bond yields fell. Risk-taking strengthened after data showed signs of a cooling in the U.S. labor market, easing concerns about an aggressive Federal Reserve tightening cycle.