AFX: European markets flat ahead of U.S. GDP; Euro and Pound trim losses
FXstreet.com (Barcelona) - European markets are flat on Thursday after the first two hours of trading, with investors reluctant to enter the markets ahead of the release of third quarter's U.S. Gross Domestic Product. Euro and Pound have trimmed losses from yesterday's declines.
Eurosttoxx 50 Index edges up 0.1% with the German DAX and French CAC Indexes trading practically at opening levels. In the UK, the FTSE Index remains flat as well.
On the macroeconomic front, Euro Zone's consumer confidence ticked up to -18 in September from -19 in August, while industrial confidence rose to -21 from -24 in September. Somewhat earlier, German unemployment posted a 26,000 net decline in October, with the jobless rate down to 8.1% from 8.2% in September.
