On January 3, 2017, traders sat in front of the trading screen at ETX Capital in central London. , and then fell back from the highest level in 2017.
Daniel Leal | AFP | Getty Images
LONDON – European markets were lower on Thursday as investors looked ahead to the latest euro zone inflation data and considered the latest key earnings reports from the region.
At 9:12 a.m. London time, the pan-European Stoxx 600 index last fell 0.71%, with industries and major regional exchanges generally in negative territory. Retail stocks led the decline, falling 2.45%.
The much-watched preliminary euro zone inflation data for October will inform the European Central Bank of the trajectory of expected interest rate cuts.
The economic report released on Wednesday showed that the euro zone economy grew by 0.4% in the third quarter of 2024, which was higher than the 0.2% growth expected by economists polled by Reuters.
More gains on Thursday shell, star, Maersk, Anheuser-Busch InBev and Carlsberg Report.
British bank shares rose on Wednesday afternoon after it appeared the Labor government’s first budget in nearly 15 years would not tax the industry’s profits. Britain’s Rachel Reeves made no mention of whether the government plans to raise taxes on the country’s banks, amid a raft of tax increases announced.
U.S. stocks were sluggish on Wednesday as traders digested a raft of earnings results and data showing third-quarter economic growth was weaker than expected. GDP grew at an annualized rate of 2.8%, while economists surveyed by Dow Jones had expected growth of 3.1%.
Overnight, U.S. stock futures fell and Asia-Pacific markets fell as investors reacted to the Bank of Japan keeping interest rates unchanged and key business activity data from China.
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