FX.co ★ European Stocks Pause After 3-Day Winning Streak

On Thursday, the STOXX 50 experienced a decline of 0.2%, while the STOXX 600 slipped by 0.1%. This dip occurred as investors took a momentary pause following a series of three consecutive sessions of gains, which included nearly a 1% increase the previous day. The recent market activity has been largely fueled by growing anticipation that the Federal Reserve might implement another reduction in the federal funds rate next month. With US markets closed for the Thanksgiving holiday, trading activity in Europe is expected to remain subdued. Market participants are keenly observing any developments related to the Ukraine peace talks, as well as significant inflation data expected from major European economies tomorrow. On the STOXX 600, Prosus NV, ASML Holding, and Rio Tinto were among the laggards, posting declines of 1.7%, 1.4%, and 1.3% respectively. Conversely, Puma shares surged by 14% to lead the index, following news that China’s Anta Sports is one of several firms contemplating an acquisition of the German sportswear company. Additionally, Essilor saw a gain of 1.1%, and SAP rose by 0.6%.