European Markets Mixed as Investors Digest U.S. Data; LVMH Hits All-Time High
The European stock markets were having a mixed day as investors tried to make sense of key U.S. inflation data and the minutes from the last Federal Reserve committee meeting.
The Stoxx 600 pan-European index rose 0.4%, with most sectors in the green. According to IG Data, European stock markets will open with mixed results. The FTSE 100 is expected to fall 8 points to 7,808.9, while Germany's DAX will lose 11 points to reach 15,688.7. Morgan Stanley Investment Management's senior portfolio manager identifies stocks to avoid and buy in times of market uncertainty.
Warren Buffett, Berkshire Hathaway's Chairman and CEO, said that he didn't believe he could manage the Federal Reserve better than Jerome Powell. "It does not mean that you are able to stop recessions or turn bad loans into better loans. It does mean, however, that the system must continue to function. Jihye Le