Investing.com - European stock markets edged higher Thursday, as investors digested more third-quarter corporate earnings as well as the latest regional economic activity data.Investors will study a raft of preliminary Purchasing Managers' Index readings from the major eurozone countries during Thursday’s session, amid concerns about the region’s growth prospects.
Business activity in the bloc is expected to have remained in contractionary territory this month, keeping pressure on the European Central Bank to continue cutting interest rates.has cut interest rates three times already this year, all by 25 basis points, and expectations are growing that the central bank will agree to a larger reduction of half a percentage point in December.
Oil prices have gained nearly 4% so far this week, helping trim last week's losses of than 7% on worries about Chinese demand and easing concerns about potential disruptions caused by fighting in the Middle East.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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