European markets are set for a mixed and cautious start on Thursday as investors take a moment to assess both regional and global economic developments. Traders are showing restraint after a recent surge in stocks, reflecting a pause amid uncertainties around central bank policies and economic data.
In early trading, the U.K.’s FTSE index is slightly below the flatline, Germany’s DAX is up 0.2%, France’s CAC 40 rises 0.1%, and Italy’s FTSE MIB is just a touch higher, according to IG data. The subdued opening follows a positive session on Wednesday, when the pan-European Stoxx 600 jumped nearly 1.1%, with most sectors and major bourses closing in the green.
Global market sentiment has been buoyed by expectations that the U.S. Federal Reserve will cut interest rates at its December 9-10 meeting. Traders are currently pricing in an 84.9% chance of a 0.25% rate cut, fueling optimism for continued gains across equity markets.
Corporate news is also drawing attention. Reports indicate that German sportswear brand Puma could attract interest from potential buyers, including Chinese multinational Anta Sports. Puma has not commented on the speculation, but the developments have sparked curiosity among investors looking for strategic acquisitions in the sector.
In terms of data, Thursday’s European calendar is light. Key releases include Germany’s GfK consumer confidence survey and broader EU economic sentiment figures. Meanwhile, U.S. markets remain closed for Thanksgiving, with trading resuming Friday for a shortened session, leaving European investors to navigate the market with limited international cues.
source: cbnc