In Europe on Thursday, investors are adopting a wait-and-see approach ahead of the release of U.S. jobs data, while Asian markets are falling amid profit-taking in tech stocks.
Major European markets traded without a clear direction on Thursday morning, as investors adopted a wait-and-see approach ahead of the release of U.S. job creation data. The pan-European STOXX Europe 600 index fell 0.1% to 638.27 points, the Frankfurt DAX dropped nearly 0.2%, and the FTSE 100 in London was trading virtually flat. In contrast, the Milan Stock Exchange fared slightly better, with the FTSE MIB up about 0.1%, while Paris’s CAC 40 held steady, rising about 0.3% in early trading.
Asia weighed down by tech stocks
Asian markets, meanwhile, closed lower, dragged down by declines in the semiconductor sector and artificial intelligence-related technologies. Investors took profits after several weeks of strong gains.
In Tokyo, the Nikkei 225 fell by about 0.6%. In Hong Kong, the Hang Seng Index lost nearly 1%, while the markets in Seoul and Taipei also closed in the red, down 0.49% and 0.73%, respectively.
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