(Alliance News) – European exchanges on Thursday–according to the futures market–marked a bearish path, with fears about moves by major central banks and economic projections taking center stage inside trading rooms.
Falling Chinese exports–a figure indicative of global trade sentiment–caused concern about a global economic slowdown, and another central bank–that of Canada–opted a surprise interest rate hike, following what the Reserve Bank of Australia did earlier this week.
“With the prospect of further interest rate hikes due to the way sovereign yields have risen, this outlook acted as a drag on equity markets more broadly, even as U.S. markets ended the session mixed,” said Michael Hewson of CMC Markets.
The FTSE Mib-after closing up 0.1 percent at 27,055.50 last night-is indicated by futures down 57.50 points.
In Europe, London’s FTSE 100 advances just above parity,…
