European stocks slightly higher as investors assess UK inflation and euro zone data

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 72%

Breaking News: Europe Nieuws

STOXX 600,Prices,United States

European markets opened slightly higher on Thursday as traders digest the minutes of the last U.S. Federal Reserve meeting.

U.K. economic output continued to rise in May, according to the closely-watched Purchasing Managers' Index from S & P Global, but missed economists' forecasts. The pace of growth slowed as a rebound in manufacturing failed to overcome weakness in services. The composite output figure produced by the survey was 52.8, down from 54.1 in April and against an estimate of 53.9, according to a Reuters poll. The 50 mark separates growth from contraction.

Business activity in the country's dominant services industry was at a six-month low, as providers saw the weakest cost pressures for more than three years. The latter point may provide 'some comfort' for the Bank of England after official statistics on services inflation came in hotter than expected on Wednesday, Andrew Wishart, senior U.K. economist at Capital Economics, said.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Federal Reserve meeting preview: The stock market expects the worstUS stocks are a sea of red on Tuesday as a mixture of fundamental data and jitters ahead of the Fed meeting knock risk sentiment.
Bron: FXStreetNews - 🏆 14. / 72 Lees verder »