I backed off European stocks Today, Thursday, ahead of the release of inflation data in the eurozone and following the release of the minutes of the Federal Reserve meeting in December, which showed the US central bank’s commitment to curbing inflation.
The European Stoxx index fell 0.3% by 08:10 GMT, following rising by more than 3% in the first three sessions of 2023.
Minutes of Wednesday’s meeting showed that officials were concerned regarding any “misperception” in financial markets of a relaxation in their commitment to fighting inflation, although they agreed that the central bank should slow the pace of its monetary tightening, according to Archyde.com.
