European stocks mixed; US inflation, Chinese stimulus in focus

Investing.com - European stock markets traded in a lackluster fashion Thursday, with investors wary ahead of the release of key US inflation data.number saw traders scale back expectations of more outsized interest rate cuts from the Federal Reserve, and signs of inflation remaining sticky could hit these rate cut expectations further.

Additionally, the Chinese finance ministry said it will hold a briefing this Saturday to outline plans for fiscal stimulus measures aimed at boosting growth. China is a major export market for a number of Europe’s major companies, and the second-largest economy in the world has been struggling in the face of sluggish consumer spending and a real estate crisis.However, this good news was tempered by the German government downgrading its 2024 growth forecast, with Economy Minister Robert Habeck predicting late Wednesday that gross domestic product in the eurozone’s largest economy would shrink 0.2% this year, down from an earlier forecast of 0.

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