European indices decline as the rally wave fades

European indices decline at the start of trading on Thursday, April 24, as the rally in stocks faded during the previous session. The Stoxx 600 index fell by about 0.2% to 515 points.

The British FTSE 100 index fell by less than 0.1% to 8,399 points, while the German DAX fell by 0.3% to 21,889 points, and the French CAC 40 fell by 0.2% to 7,463 points.

Regional markets followed their global counterparts and rose on Wednesday, amid easing concerns over tariffs between the US and China.

U.S. stocks posted broad gains on Wednesday, supported by a Wall Street Journal report that the US would reduce tariffs on China to between 50% and 65%.