{"id":120534,"date":"2021-04-09T07:36:41","date_gmt":"2021-04-09T07:36:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120534"},"modified":"2021-04-09T07:36:41","modified_gmt":"2021-04-09T07:36:41","slug":"european-markets-pull-back-slightly-after-record-highs","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/european-markets-pull-back-slightly-after-record-highs\/","title":{"rendered":"European markets pull back slightly after record highs"},"content":{"rendered":"<ul>\n<li>Fed Chairman Jerome Powell called the economic recovery &quot;uneven,&quot; signaling that monetary policy will remain loose until a more robust recovery is attained.<\/li>\n<li>German industrial output in February fell 1.6% from the previous month, the Federal Statistics Office revealed Friday, well below a consensus forecast of a 1.5% rise.<\/li>\n<\/ul>\n<p>LONDON \u2014 European markets were slightly lower on Friday morning, searching for direction after touching record highs in the previous session.<\/p>\n<table><\/table>\n<p>The pan-European Stoxx 600 hovered 0.15% below the flatline in early trade, with insurance stocks shedding 0.5% as most sectors and major bourses slid into fractionally negative territory.<\/p>\n<p>Shares in Asia-Pacific mostly slipped overnight, failing to pick up momentum from the U.S. after the S&amp;P 500 notched another record closing high, fueled in part by dovish comments from the Federal Reserve.<\/p>\n<p>Fed Chairman Jerome Powell called the economic recovery &quot;uneven,&quot; signaling that monetary policy will remain loose until a more robust recovery is attained, which sent U.S. Treasury yields lower. U.S. stock futures point to a flat open on Wall Street Friday.<\/p>\n<p>In corporate news, Spanish infrastructure group ACS has expressed interest in taking a surprise stake in Atlantia&#x27;s motorway unit, the Italian conglomerate announced Thursday.<\/p>\n<p>Meanwhile, AstraZeneca&#x27;s struggles with its Covid-19 vaccine rollout have continued to grow in recent days. Australia, the Philippines and the African Union have become the latest to limit or abandon purchases of the shot over fears about its possible link to blood clots, despite global shortages.<\/p>\n<p>On the data front, German industrial output in February fell 1.6% from the previous month, the Federal Statistics Office revealed Friday, which was well below a consensus forecast of a 1.5% rise.<\/p>\n<p>Tui shares slid 6.6% in early trade after an IT glitch caused a weight miscalculation on board one of the Anglo-German travel operator&#x27;s flights from Birmingham to Majorca.<\/p>\n<p>At the top of the Stoxx 600, German lubricant manufacturer Fuchs Petrolub gained 3.6% after Baader Bank upgraded the stock from &quot;sell&quot; to &quot;buy.&quot;<\/p>\n<p><em>Subscribe <\/em><em>to CNBC PRO<\/em><em> for exclusive insights and analysis, and live business day programming from around the world.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/09\/europe-markets-searching-for-direction-after-record-highs.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Chairman Jerome Powell called the economic<\/p>\n","protected":false},"author":3,"featured_media":120533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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