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- European Stocks. First hour: European indices trading near openings
European Stocks. First hour: European indices trading near openings
European stocks are trading higher early in today's session amid bets that the next ECB policy meeting, scheduled for the 4th of December in Frankfurt, might bring up new stimulus measures and move closer to a full-scale quantitative easing. European stocks remained supported after Friday's data on inflation which declined to a five year low at 0.3% in November. France's Services PMI declined to 47.9, 0.4 below forecasts whereas Eurozone's Services PMI declined to 51.1, 0.2 weaker than predicted by analysts.
Markets await data on the U.K Purchasing Manager Index, Eurozone Retail Sales, U.K. Autumn Forecast Statement and later in the session U.S. data on the ADP Employment Report, Nonfarm Productivity, the ISM Non-Manufacturing Index and speeches of FOMC members
The FTSE 100 index is currently trading negative losing -0.10% quoted at 6,735.63 points, Germany's DAX 30 is trading +0.11% at 9,944.61. France's CAC 40 lost -0.01%, currently trading at 4,387.45 points.
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