European Stocks Lose Ground Amid Thin Volumes
European stocks are exhibiting weakness in the abbreviated session on Thursday, with investors largely staying cautious and taking some profits amid a lack of positive triggers.
With most of the markets across the continent closed for New Year's Eve, trading activity is quite subdued, resulting in thin volumes.
Among the major markets, the U.K. is down sharply, with its benchmark FTSE 100 down as much as 1.2%, while France is down marginally. The pan European Stoxx 600 is down by about 0.1%. Germany and Switzerland are closed for holidays.
Among other markets in Europe, Belgium, Ireland, Netherlands, Spain and Turkey are weak, while Greece and Portugal are slightly higher. All other markets in Europe are closed for New Year's Eve.
In economic news, Turkey's trade deficit widened sharply in November from last year on higher imports, the Turkish Statistical Institute reported Thursday.
The trade gap increased to $5.03 billion in November from $1.98 billion in the same period last year. Exports dropped 0.9% annually, while imports surged 15.9% in November.
Market Analysis
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.