European stocks are expected to open in mixed territory on Thursday as global markets pause for breath, awaiting more news on U.S. stimulus measures and coronavirus vaccine approval.
London’s FTSE is seen opening 9 points lower at 6,449, Germany’s DAX 11 points lower at 13,296, France’s CAC 40 2 points lower at 5,576 and Italy’s FTSE MIB up 20 points at 21,996, according to IG.
European markets look set to follow the lackluster trading trend seen elsewhere overnight; U.S. stock futures held steady on Wednesday evening as investors awaited news on stimulus negotiations and the vaccine approval process.
On Wednesday, the U.K. became the first country to grant emergency approval to the Covid-19 vaccine from Pfizer and BioNTech. Regulators in the U.S. and Europe are expected to make determinations on that vaccine and a similar vaccine from Moderna soon.
Still, the rollout of the vaccine is expected to take many months as the coronavirus crisis continues to hit hard in the U.S. which now has more than 100,000 patients hospitalized with Covid-19, according to data from the Covid Tracking Project, which is run by journalists at The Atlantic.