European stock markets are set to open mixed Thursday, consolidating after the sharp selloff in the previous session aided by a rebound in consumer confidence in Germany. However, arket confidence has been hit by increasing U.S. coronavirus cases and a global growth downgrade from the International Monetary Fund.
European and Asian Stock Markets
- The contract in Germany traded 0.1% higher.
- France’s were largely flat, while the contract in the U.K. fell 0.4%.
- MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%,
- Tokyo’s Nikkei slumped 1.4%.
- Australia’s ASX 200 tumbled 1.8%. US stock futures also declined 0.7% following on from an overnight slide on Wall Street.
- US crude futures rose by 6 cents a barrel or 0.1% to $38.07.
- Brent crude futures were flat at $40.30.
- Gold steadied at $1,764.07/oz.
The Australian dollar dropped under 69 cents to $0.6864, and had the kiwi stalled around 64 cents.