The European markets are projected to witness a lackluster mixed open on Thursday as investors consider the stock of the regional and global economic prospects.
Data from IG reported that the FTSE index of the UK has witnessed an opening a touch below the flatline, Germany’s DAX increased 0.2 percent, CAC 40 of France surged 0.1 percent, and Italy’s FTSE MIB rose a shade higher.
The somewhat unenthusiastic opening for regional markets on Thursday follows an optimistic trading session yesterday, with the pan-European Stoxx 600 ending nearly 1.1 percent up and many of the sector’s major regional bourses in the green.
Global markets have experienced an increase this week due to surging expectations that the U.S. Federal Reserve will reduce interest rates when it meets next on December 9-10.
CME FedWatch tool reported that the traders are currently putting up to an 84.9 percent chance of a quarter percentage point cut from the Fed in December.
Bloomberg reports indicate that the potential buyers are stirring German sportswear brand Puma on the names of individuals. An anonymous source stated that the outlet said that the Chinese sports multinational Anta Sports is one of those working on a bid. Therefore, Puma refused to comment when questioned by CNBC.
U.S. stock markets increased on Wednesday, and the major averages could record their fourth consecutive day of advancement before the approaching Thanksgiving holiday.
Meanwhile, Asian-Pacific markets were following gains on Wall Street, and benchmark indexes in India rose to a record high overnight.
However, U.S. markets remained closed on Thursday for Thanksgiving. Trading will be resumed with a reduced session on Friday, which will be closed at 1 p.m. ET.
In Europe, there are no significant earnings reports on Thursday. Data releases include Germany’s GfK consumer confidence survey and EU economic sentiment data.
