European Markets Seen Higher in Rebound from Wednesday’s Session
European stock markets were seen opening higher Thursday, rebounding after the previous session’s losses.
On Wednesday the German DAX shed 1.8%, the French CAC 40 - 1.4% and UK’S FTSE 100 - 1.2%, following the Federal Reserve’s April meeting that suggested the central bank was considering tapering its asset purchase programs in upcoming meetings. Some positivity arrived Thursday as investors focused on the European situation, however.
Authorities across Europe began loosening restrictions as infection rates continue to fall and vaccinations to rise. Additionally, Eurozone consumer prices rose to 1.6% on an annual basis in April on Wednesday - a figure still below the 2% threshold that makes the European Central Bank concerned, and nowhere near the levels seen in the US. ECB chief - Christine Lagarde said on Tuesday it was "essential that monetary and fiscal support are not withdrawn too soon”.
The DAX traded 0.3% higher by 07.05 GMT, while CAC 40 saw a 0.1% rise and FTSE 100 gained 0.8%
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