Cautiousness returns to the European markets

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European stocks continued to fall slightly on Thursday, with caution returning just before the announcement of inflation data in the US and while investors continue to follow the scientific announcements for the new executive micron.

Global markets have rallied sharply in recent days as the scientific community’s initial estimates of the micron are reassuring, although health experts continue to advise caution as there is still much uncertainty. Initial data, however, show that the new executive is milder than the delta that has prevailed worldwide.

Yesterday’s announcements by Pfizer-BioNTech about the effectiveness of their vaccine against the new mutation were also encouraging. The two companies announced that based on the initial tests, the third dose of the vaccine is effective in treating the micron, while they stated that they will be able to have a new version of their vaccine by March 2022, adapted for the new mutation.

Investors, meanwhile, are waiting for the critical data to be announced on Friday in the US for the course of inflation after the jump of prices to a high of 30 years in October at 6.2%.

The figures come shortly before the Federal Reserve and the ECB met next week to set their policy. Analysts do not rule out that the Fed will move earlier than expected to raise interest rates, if it finds that high inflation shows no signs of slowing down.

On the board, the pan-European Stoxx 600 index lost 0.1% to 477.03 points.

The German DAX fell 0.3% to 15,644.05 points, the French CAC 40 recorded marginal losses of 0.07% to 7,009.94 points, while the French FTSE 100 lost 0.1% to 7,328.49 points.

In the region, the Italian FTSE MIB strengthened by 0.3%, while the Spanish IBEX 35 lost 0.4%.

In business developments, the title of the Italian bank UniCredit marks a jump of 7.5% in the wake of the bank’s announcement that it aims to increase profits by an average of 10% per year, until 2024.

Veolia also sees a strong rise of 1.9% after reports that the French water / waste management company is expected to get the green light from the EU antitrust authorities. together with Suez to merge their activities.


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