European stocks recovered some of the previous day’s losses in early action on Thursday, with the overhang of inflation still in the air.It was the first opportunity for traders in Europe to react to the latest minutes of the Federal Reserve’s interest-rate setting meeting, when policy makers said it may be appropriate to start talking about reducing bond purchases.
Nordic Semiconductor NOD, +6.93% shot up 10%, after larger rival STMicroelectronics STM, -0.81% was reported by the Italian daily MF to have started talks to buy the Oslo-listed company. CTS Eventim EVD, -6.57% shares dropped 5%, as the ticketing service reported an 89% drop in revenue in the first quarter leading to an adjusted operating loss of €19.6 million .
'inflation fears' lol. Supply of money increasing, Velocity of money decreasing. Its probably nothing though...
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European stocks and U.S. equity futures are under pressure as inflation worries persistStocks in Europe pick up on selling from Asia and a downbeat day on Wall Street ahead of Federal Reserve minutes. Except the average investor isn't selling. And inflation is transitory and the professionals aren't worried about it. They're profit taking and hoping to leave the retailer holding the bag. But that's less glamorous for you to report Isn't this always the case
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