LONDON — European markets edged lower at the early bell on Thursday as investors weighed the outlook for the regional and global economy.
pan-european Stocks 600 The stock fell 0.1% in early morning trading, with major stock exchanges and sectors in the red.
Following yesterday’s strong trading, local markets had a subdued start on Thursday with the Stoxx 600 ending almost 1.1% higher and most sectors and major local stock exchanges closing in the green.
Rising expectations that the US Federal Reserve will cut interest rates at its next meeting on December 9-10 have boosted global markets this week.
Traders are pricing in an 84.9% chance that the Fed will cut interest rates by a quarter of a percentage point in December, according to the CME FedWatch tool.
A German sports brand that attracts potential buyers based on its individual name. pumaas reported by Bloomberg. Chinese sports multinational Anta Sports is also among the companies working on a bid, the newspaper reported, citing unnamed sources. Puma declined to comment when contacted by CNBC. Puma stock rose 13.6% on Thursday.
U.S. stocks rose on Wednesday, with major averages posting their fourth straight day of gains ahead of the Thanksgiving holiday. Meanwhile, Asia-Pacific markets followed Wall Street’s gains, with India’s benchmark index hitting a record high overnight.
U.S. markets are closed on Thursday for Thanksgiving. Trading will resume on Friday in a shortened session, with the market closing at 1pm ET.
There was no major earnings report in Europe on Thursday. Data releases include Germany’s GfK consumer confidence survey and EU economic sentiment data.
