European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's session, with major bourses and sectors mostly higher following broadly negative moves earlier in the day. It comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green. Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next...
Asia-Pacific markets are set for a mixed open on Friday, after Wall Street benchmarks the Nasdaq Composite and the S&P 500 posted their worst day in nearly two months on a downbeat Microsoft earnings forecast and MetaTrader results. Traders await a raft of economic data from the region, including Australia's third-quarter producer price index reading and China's Caixin manufacturing purchasing managers' index for October. Japan's Nikkei 225 appears set for a weaker open, with futures in Chicago at 38,470 and its Osaka counterpart at 38,370 against the index's last close of...