Investing.com - European stocks remained broadly lower on
Thursday, as markets were jittery ahead of the Bank of England's
policy statement later in the day, while Wednesday's positive
German data eased expectations for an additional rate cut by the
European Central Bank.
During European afternoon trade, the EURO STOXX 50 declined 0.44%,
France's CAC 40 retreated 0.73%, while Germany's DAX 30 eased
German industrial output jumped 1.2% in March data on Wednesday
showed, confounding expectations for a 0.1% decline.
The data fuelled optimism over the outlook for first quarter growth
in the euro zone's largest economy after Germany's gross domestic
product contracted by 0.5% in the three months to December.
The data also dampened speculation over the possibility of further
rate cuts by the ECB after the bank indicated Monday that further
rate cuts were possible.
Financial stocks turned broadly lower, as French lenders BNP
Paribas and Societe Generale slipped 0.11% and 0.20%, while
Germany's Commerzbank tumbled 1.50%.
Among peripheral lenders, Spanish bank Banco Santander slid 0.36%,
while Italy's Intesa Sanpaolo and Unicredit plummeted 1% and 1.82%
On the upside, Nokia saw shares jump 1.14%, extending earlier gains
after the Finnish cellphone company unveiled new software to run
its Asha devices and a pact that lets customers use Facebook for
free on their handsets.
In London, FTSE 100 dipped 0.04%, as investors remained cautious
ahead of the BoE's policy statement.
Mining stocks remained mostly higher, as shares in BHP Billiton
rallied 1.18%, while Anglo American gained 0.83% and Evraz climbed
Meanwhile, financial stocks added to gains, as the Royal Bank of
Scotland advanced 1.24% and Barclays jumped 1.31%, while Lloyds
Banking surged 2.10%
HSBC Holdings underperformed on the other hand, declining 0.88%,
extending earlier losses.
In the U.S., equity markets pointed to a steady to lower open. The
Dow Jones Industrial Average futures pointed to a 0.02% gain,
S&P 500 futures signaled a 0.05% loss, while the Nasdaq 100
futures indicated a 0.10% fall.
Later in the day, the U.S. was to release official data on initial
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