LONDON – European markets were lower at the opening bell on Thursday as investors took stock of the regional and global economic outlook.
Pan-European Stocks 600 It was down 0.1% during early morning trade, with major markets and sectors in the red.
Thursday’s open comes after the open for regional markets Positive trading session yesterdayThe Stoxx 600 was up about 1.1% with most sectors and major regional markets closing in the green.
Global markets got a boost this week on rising expectations that the US Federal Reserve will cut interest rates when it meets on December 9-10.
Traders are pricing in an 84.9% chance of a quarter percentage point cut from the Fed in December. CME FedWatch Tool.
On individual names, potential buyers are turning to the German athletic brand pumaAccording to Reported by Bloomberg. Chinese sports multinational Anta Sports is among those working on the bid, the outlet reported, citing unnamed sources. Puma declined to comment when asked by CNBC. Puma shares rose 13.6% on Thursday.
US stocks rose on Wednesday, allowing major averages to log Their fourth consecutive day of gains Before the Thanksgiving holiday. Meanwhile, Asia-Pacific markets Wall Street’s gains and India’s benchmark indices hit record highs overnight.
US markets are closed for Thanksgiving on Thursday. Trading will resume with a short session on Friday, when the market closes at 1 p.m. ET.
In Europe on Thursday, there were no major earnings reports. The data release includes Germany’s GfK Consumer Confidence Survey and EU economic sentiment data.