Most of the European bourses saw a negative start on Friday, with the equity benchmark Stoxx 600 set to post its first monthly slide since August. The mixed sentiment remains evident by the end of this quite hectic month, following data showing the US economy grew faster than expected in the fourth quarter. As of 03:28 a.m. EST , the Stoxx Europe 600 was down 0.22% at 322.60, dragged by financials falling nearly 0.75%. - Britain`s FTSE 100 fell 0.23% to 6,525.75 - France`s CAC 40 fell 0.15% to 4,174.10 - Germany`s DAX 30 fell 0.67% to 9,310.01 Markets continue to mourn the Fed`s stimulus plan after it was cut by $10 billion for the second consecutive month to $65 billion in monthly bond purchases. More signs of stabilization in the US will be watched later today, with the Thomson-Reuters / University of Michigan final gauge of sentiment expected to hit 81.0 in Janaury, rising 0.6 point above a preliminary reading, but a leg lower from December reading of 82.5. Although the European benchmark is heading to its first slide in five months, markets found some relief after data showed on Thursday that the world`s largest economy grew at a strong pace in the three months to December, offseting worries about Chinese manufacturing data signaling the economy is faltering. Meanwhile, markets hold grounds ahead of key data from the euro area; inflation and unemployemnt will take the spot with the latest estimates that will surely guide the market through its final session of the month. - Unemployment Report (Dec) expected to to hold steady at 12.1% - CPI Estimate (YOY)(Jan) expected to rise slightly to 0.9% vs. 0.8%
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?