Sun. Oct 24th, 2021

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European stocks are mixed

1 min read
Germany virus

A broker watches her screens under the curve of the German stock index DAX in Frankfurt, Germany, Tuesday, March 17, 2020, the day after German authorities spoke out more restrictions to avoid the spread out of the coronavirus. Only for most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michael Probst)

The pan-European Stoxx 600 hovered just below the flatline at the start of trading, autos and travel stocks adding 0.6% while banks shed 0.7%.

Investors in Europe will be looking to the results of the latest U.S. Federal Reserve meeting taking place Tuesday-Wednesday, although the central bank is not expected to make any changes to its monetary policy stance and reacting to the latest data from China.

Meanwhile, stocks in Asia-Pacific were mostly highly after data showed retail sales in China rose 0.5% in August from a year ago — the first positive report for the year so far — according to the country’s National Bureau of Statistics. Still, retail sales for the first eight months of the year were down 8.6% from a year ago, the bureau said.

Chinese industrial production grew 5.6% in August from a year ago while fixed-asset investment declined 0.3% for the first eight months of the year.

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