European stocks struggled for direction on Thursday as investors responded to weak US data released overnight and minutes from the latest meeting of the Federal Reserve Board.
Many Fed members supported the strengthening of bond purchase guidance fairly quickly, but were unaware of the urgent need for adjustments.
The dollar has been in the dollar for two years as investors responded to numerous data showing weekly U.S. unemployed billing rises since July, rising orders for durable consumer goods, and widening trade deficits. With the above, it was kept at the lowest level.
Pan-Europe Stoxx600 was virtually unchanged at 392.05 after a slight drop the day before.
Germany’s DAX and France’s CAC 40 index were slightly higher, and the UK’s FTSE 100 fell 0.3%, despite a slight drop in the value of the pound.
Britain’s Treasury Minister Rishi Sunak said today that a Brexit deal is desirable, but London should not reach an deal at any cost.
In equity-specific behavior, Rmy Cointreau rose 0.5%. French spirits makers forecast a recovery in the second half of 2021 after reporting a decline in profits in the first half of 2021.
Mulberry Group’s share price surged nearly 10%. UK luxury brands reported reduced losses in the first half of 2021.
Insurer Aviva has been declining since it announced plans to cut dividends by a third.
In the economic release, German consumer sentiment was significantly worsened by a partial blockade, according to a study by market research group GfK.
The future consumer sentiment index fell from the revised -3.2 in October to -6.7 in December. The expected reading was -5.0.
UK car production recorded a double-digit decline in October as the car sector is eagerly awaiting Brexit, the Automakers Association said.
Car production plummeted 18.2 percent year-on-year in October. Due to the impact of, only 110,179 cars left the factory gate in October. Coronavirus New blockade at home and abroad.
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European stocks lack direction
Source link European stocks lack direction