On Thursday, stock markets essentially repeated events from the previous day: the UX Index didn’t manage to stay in positive territory against the background of an apparent lack of growth in risk appetite on global venues. However, by the end of the day, U.S. stock indexes once again won back morning losses. At the same time, it is still possible to distinguish two fundamental differences of yesterday's trading session.
First, political statements played on the side of pessimists this time, as did the publication of weak economic data from Europe, indicating that no miracle is in its way and that the region's economy is indeed sliding into recession. Secondly, we should pay attention to growth leaders on the U.S. stock market - on Thursday, there was strong demand for defensive stocks.
Thus, closer to the opening of trading on European markets, the situation is not unique. On the one hand, we see moderate growth in stock indicators. On the other, new European news (such as halted trading of the stock of one Spanish bank) may have a negative impact on the market, mainly in the morning.
