European stock markets retreat in the wake of balance sheets and growth data

As European scholarships they operate mostly lower this Thursday morning (30), while investors digest multiple corporate balance sheets and growth data from the region.

At around 6:40 am (Brasília time), the pan-European Stoxx 600 index fell 0.40%, to 573.12 points.

Following quarterly results, French bank Crédit Agricole fell 2.9% in Paris and German carmaker Volkswagen fell 1.5% in Frankfurt.

On the other hand, AB InBev, the world’s largest brewer and controller of Ambev in Brazil, rose 0.7% in Brussels, after announcing a share buyback program and an unexpected dividend.

In the last few hours, preliminary growth figures for some euro zone countries were released. O, exceeding expectations.

The economies of Germany and Italy, on the other hand, remained stagnant, contradicting forecasts of slight growth. Soon, at 7am, the GDP of the euro zone will be announced.

In the monetary field, the ECB (European Central Bank) is expected to leave its basic interest rates unchanged for the third time in a row, in a decision to be announced in the coming hours.

Yesterday, mas also warned that a third reduction is not guaranteed for December.

The latest developments in the trade relationship between the US and China are also on the radar. The American president, , after meeting with his Chinese counterpart, Xi Jinping, at the end of a tour of Asia.

At 6:57 am (Brasília time), the London Stock Exchange fell 0.51%, the Paris Stock Exchange fell 0.57% and the Frankfurt Stock Exchange fell 0.13%. Those in Milan, Madrid and Lisbon, in turn, had respective losses of 0.72% and 1.19%. In the opposite direction, Lisbon rose 0.35%.

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