European equities start lower with PMI in focus

On Thursday, European markets started lower because market participants paid attention to the publication of euro zone manufacturing as well as service sector activity data due later in the session.

The EURO STOXX 50 rallied 0.23%, Germany’s DAX 30 gained 0.07% and France’s CAC 40 jumped 0.13%.

Financial markets were still jittery after on Sunday, German Chancellor Angela Merkel didn’t cope with forming a government coalition.

On Thursday, research group Markit told that its German manufacturing purchasing managers' index headed north to 62.5 in November versus October’s 60.6, while the services PMI rallied to 54.9 versus the previous outcome of 54.7.

In November, the French manufacturing PMI managed to grow to 57.5 versus October’s outcome of 56.1, while the services PMI edged up to 60.2 from 57.3.

Investors were still waiting for PMI figures for the whole euro zone.

FTSE 100 inched down 0.50% in London, suppressed by Centrica, whose equities lost 16.86%.

Similar

15.10.2021 12:36 What will move the market on October 18-22?

The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?

22.09.2021 16:37 What to expect from Microsoft event?

On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.

15.09.2021 14:33 Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.