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The paneuropean Stoxx 600 was flat, the different sectors taking different directions. Core resources were the first winners of the first agreements, hoping that China and the United States would reach a compromise on trade. On Wednesday, the White House said it has invited Chinese officials to resume trade talks.
Natixis shares led gains, up more than 4 percent, after the French bank announced plans to sell the business to its parent bank for $ 3.1 billion, Reuters reported. On the other hand, Rubis shares fell more than 13% at the bottom of the index. It was after reporting his last half-year results.
In Europe, the focus seems to be on monetary policy with three scheduled meetings. The Bank of England and the European Central Bank are due to announce their latest decisions at lunch time in Europe. Analysts do not expect any policy changes, but will follow the statements carefully.
In Turkey, the central bank is expected to raise interest rates to offset the depreciation of the Turkish lira.
Market players are also monitoring the UK government, with a cabinet meeting scheduled for Thursday morning. Prime Minister Theresa May should discuss the issue of the non-agreement with the European Union on Brexit.
According to the Reuters news agency, Deutsche Bank would consider easing the obligations between the retail bank and the investment bank. This would mean that the bank could create a holding structure so that merger agreements can be concluded more easily.
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