European Stocks Seen Lower, Retracing from Wednesday Gains
European stock markets are seen opening weaker, retracing from Wednesday’s sharp gains, as investor concerns over the region’s economic recovery resurface yet again.
German price data, released Thursday, showed deflationary pressures in Europe’s largest economy, contrasting with signs that inflation is gaining speed in the US - an indicator of economic recovery.
On the positive side of things, the unemployment rate in France has fallen to 7.1% in the second quarter, while analysts were forecasting an 8.3% jump.
At 6:10 GMT, the German DAX traded 0.2% lower, UK’s FTSE 100 contract fell 0.9%, while the French CAC 40 futures saw a 0.3% drop.
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