It’s been a shaky start to the European session on Thursday, despite the data from the UK and the euro area in the morning being broadly positive. We’re also headed into the business end of the week, with U.S. jobs report being released tomorrow as well as some data and speeches from Fed officials later today.
The risk has increased that the European Central Bank would again miss its inflation target, the minutes of the bank's October meeting of policy setters showed on Thursday, adding that current measures may not be sufficient.
A six week winning streak in U.S. indices is on course to come to an abrupt end on Friday as this weeks’ commodity rout, likely combined with some profit taking in the absence of too much data, takes its toll.
Euro zone private business growth remained tepid last month but activity in China's services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy.