European markets were lower on Thursday as investors weighed the latest euro zone inflation data.
Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. London 's FTSE 100 reached a historic peak at 7,205.21 points in morning trade, extending a record run seen in the final week of 2016, before easing back from its highs. LONDON — European markets were lower on Thursday, as investors weighed the latest euro zone inflation data and latest key earnings from the region.was last down 0.4% at 10:17 a.m.
The lender also announced several leadership changes on Thursday, including the appointment of Leopoldo Alvear as the group's new chief financial officer, taking over from current CFO Claire Dumas in early 2025.Preliminary data from French statistics office Insee showed that French inflation came in at 1.5% in October, in line with the expectations of analysts polled by Reuters.The readings are harmonized to ensure comparability across the euro area.
The Netherlands-based company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said that net revenues for the July-September period came in at 33 billion euros . Analysts had expected third-quarter net revenues to come in at 36.6 billion euros, according to an LSEG-compiled consensus.Brewer Carlsberg on Thursday reported 0.9% revenue growth in the third quarter of 2024, totalling 20.5 billion Danish krone .
Volumes also fell by more than expected. The company said it had sold less beer in several key markets including the United States, Mexico and China. Japan's central bank said it will keep hiking rates if the country's economy continues to recover, the BOJ wrote in its quarterly outlook report.The report puts Japan's "potential growth rate" at 0.5% to 1%, with the BOJ adding that the country's economy is likely to "keep growing at a pace above its potential growth rate."
The composite PMI stood at 50.8, higher than the 50.4 in August. China's non-manufacturing PMI also came in stronger at 50.2, up from 50.0 the month before.Interest in India has been growing steadily among investors.
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