Market Analysis

European stocks drifted lower


European stocks drifted lower shortly after the opening bell on Friday, following a mixed trading session across Asia, as market operators continue to weigh the latest dovish comments from the US Federal Reserve. Investors’ risk appetite is taking a pause for the end of the week amid rising uncertainties brought by the prospect of a negative impact a huge US stimulus package could have over inflation rates in the mid- to long-term. Market consolidation continues in Europe as the Stoxx-50 index remains inside its 40-points wide bearish pattern, while the German DAX-30 index brings the worst performance of the Eurozone so far, ahead of Siemens Healthineers AG annual general meeting.

Pierre Veyret– Technical analyst, ActivTrades


Source: ActivTrader


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