World stocks marched back towards record highs on Thursday as traders waited to see if Europe’s top central banks, the ECB and Bank of England, would match the U.S. Federal Reserve’s upbeat message and cut stimulus. There was more drama in Turkey as the record low lira TRYTOM=D3 plunged another 3% ahead of its own .
Euro zone business growth slowed more than expected this month as renewed restrictions imposed to curb the Omicron coronavirus variant curtailed the recovery in the bloc’s dominant services industry, a survey showed on Thursday. Europe is facing a fourth wave of infections and many governments have been encouraging citizens to stay home and avoid unnecessary .
Euro zone business activity accelerated last month but the bounce may be temporary as demand growth weakened and fears about the Omicron coronavirus variant put a dent in optimism, a survey showed on Friday. IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI), a good gauge of overall economic health, jumped to 55.4 in November from .
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were seeing modest gains on Friday after fluctuating all through the week on worries over inflation and the potential impact of the newly detected