European stocks slightly mixed, with key data in focus; European markets saw a mixed opening on Thursday, weighed by the ongoing crisis between Russia and Ukraine over Crimea, while traders awaited key reports from the world`s largest economy. Bourses across Europe felt the downbeat sentiment denting Asia, with Stoxx Europe 600 falling modestly to 327.90 as of 04:52 a.m. ET, after official data showed China`s Industrial output slowed to 8.6% in January, down from 9.7% in December, while retail-sales growth also slowed to 11.8% from 13.1 in December, both trailing analysts` average forecast and adding to signs China`s economic recovery is faltering. In the morning hours, losses were more evident in consumer services and industrials sectors, besides to telecommunications. The three major bourses in Europe fluctuated through the opening hour, as follows: - London`s FTSE 100 was down 0.10% at 6,614.48 - Paris`s CAC 40 was little changed at 4,305.65 - Frankfurt`s DAX 30 was down 0.08% at 9,196.43 On the economic front, the European agenda offered the European Central Bank`s monthly bulletin, reminding the market of the Bank`s guidance by keeping the borrowing costs at the current record low level or even lower for an extended period of time. Moving to some equity movers: - Deutsche Lufthansa AG rebounded after saying it will pay a dividend this year despite a 75% fall in net profit last year after growth in its passenger business and cost control helped the German flag-carrier hit its restructuring goals. - Wm Morrison supermarkets Plc dropped the most since 2008, after the UK grocer said profit will drop this year and vowed to sell 1 billion pounds of property. - Addeco SA plunged after its largest shareholder, Jacobs Holding AG, said it will sell about 16% in the provider of temporary workers, according to people of knowledge with the matter. Today, the US economic front will be featuring two key report; retail sales and weekly jobless claims, due to be released at 08:30 a.m. ET, so traders will be closely watching the US agenda for more clues about the health of the world`s largest economy.
Posted on: Thu, 13 Mar 2014 10:07:25 +0000
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