European stocks will come lower on Friday, with investors keeping an eye on vaccine news and the latest Chinese data.
The UK’s FTSE is set to stabilize at 6,342, down 20 points, with France’s CAC dropping 33 points, the A6060 and Germany’s DX33 sinking 33 points, according to IG.
Wall Street will reopen for half a session on Friday following the Thanksgiving holiday. However, trading volume is likely to remain low.
Shares in Asia-Pacific changed slightly on Friday as investors reacted to the data. The country’s National Bureau of Statistics announced on Friday that China’s industrial profits rose 28.2% year-on-year in October.
Shares of AstraZeneca fell 0.6% on Thursday as questions arose over whether AstraZeneca and Oxford University tested their coronavirus vaccines, with trial head and head of the White House Vaccine Task Force casting doubt on trial data and drug efficacy rates.
More broadly, global stocks have pulled back from their rally earlier this week. The Dow Jones Industrial Average fell on Wednesday, breathing more than 30,000 points on Tuesday.
Including us, Live Pro.O. Dec. 2 discussion on opportunities and risks in international markets.
-CNBC’s Fred Embert and Eustans Huang contributed to this market report.
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