STOXX 600 down 0.2
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Nov 29 Reuters Europe39;s STOXX 600 slipped on the final day of a turbulent week, weighed down by automobile and bank stocks, with investors on the lookout for crucial euro zone inflation data to gauge the possibility of a larger interest rate cut in December.
The panEuropean main stock index was down 0.1 at 0930 GMT on Friday, poised for its fifth weekly decline in six.
Trading volumes are expected to be low, with the U.S. equity market open for half a day following the Thanksgiving holiday on Thursday.
Still, weakerthanexpected euro zone inflation data could prompt expectations of a 50basispoint rate cut by the European Central Bank next month, potentially lifting equities.
We still expect inflation to drop below target next year and the ECB to cut interest rates by more than what investors anticipate. Trump39;s proposed tariffs pose a small upside risk to this forecast, said Giulia Bellicoso, markets economist, Capital Economics.
Even though the STOXX 600 was still on track for a modest monthly gain in three, it sharply lagged behind the U.S. SP 500, as the possibility of Europe being a U.S. tariff target and France39;s political uncertainty dampened investor sentiment towards the bloc, among other factors.
Auto stocks were the worst hit in November, knocked down by concerns that U.S. Presidentelect…