European shares fall as technology companies decline

European shares fell on Friday as a decline in the technology sector offset the impact of gains in oil and auto stocks, while investors remained cautious ahead of US jobs data.
The pan-European STOXX 600 index fell 0.2 percent after technology shares fell 0.9 percent, while oil and gas shares jumped 1.1 percent due to higher oil prices amid doubts that the US government will withdraw from its strategic reserves.
However, the benchmark index was on track for weekly gains as relief over the temporary lifting of the US debt ceiling dispelled fears that higher energy costs would push up inflation, according to what was published by “Reuters”.
Shares of UK travel companies, including British Airways owner IAG, Whitbread and Ryanair, rose between 0.5 and 2.9 percent.
However, shares of the UK-listed travel company TUI fell 12.3 percent.

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