Barclays shares slip after major backer Qatar cuts stake
Fall in EZ Nov business activity adds to recession fears
Bond yields drop after ECB39;s Schnabel scraps more hikes
Ericsson jumps after ATT network deal, Nokia sinks

Dec 5 Reuters European stocks were muted on Tuesday as gains in energy shares offset a drop in miners and healthcare, while investors focused on a slew of economic data during the day for insights into the global monetary policy outlook.

The panEuropean STOXX 600 index was little changed by 0913 GMT, stalling around a fourmonth high, after snapping a threeday winning streak on Monday.

All eyes are now on November U.S. business activity data and October producer prices in the eurozone later in the day as investors remain largely determined that major central banks will start cutting interest rates quicker than previously expected as inflation falls and economic outlook worsens.

Fresh data showed the downturn in euro zone business activity eased last month but still indicates the bloc39;s economy will contract again this quarter as the dominant services industry continues to struggle to generate demand.

Further, ECB39;s October consumer expectations survey showed inflation expectations among eurozone consumers held steady last month while the outlook for economic growth worsened.

Meanwhile, European Central Bank conservative Isabel Schnabel noted further interest hikes are rather unlikely, after an unexpectedly big fall in inflation, steering…

Leave A Comment