BERLIN, Nov 23 — European stocks hovered near three-month highs today, as rallying commodity shares offset weakness in Credit Suisse following its profit warning, with investors awaiting business activity data for clues on the health of the euro zone economy.
The Europe-wide STOXX 600 index was flat by 0805 GMT, after hitting its strongest level since late-August in the previous session. Oil & gas and mining stocks extended gains for a second session, and were up 0.9 per cent each.
US stock futures were steady as investors eyed the Federal Reserve’s November meeting minutes, which could offer fresh clues on the path of interest rates.
The European Central Bank will release its own meeting minutes tomorrow.
S&P Global’s November flash PMIs for the euro zone and UK were also on investors’ radar, with the numbers expected to signal a further contraction in business activity.
Credit Suisse fell 4.2 per cent after the embattled Swiss lender said it expects to make a pre tax loss of up to 1.5 billion Swiss francs (RM7.2 billion) for the fourth quarter. — Reuters