European stocks were mixed on Thursday ahead of a crucial meeting of eurozone finance ministers, with investors hoping that the group will signal support for the European Union’s expansive coronavirus recovery package.
The meeting of the 19-member Eurogroup comes ahead of next week’s EU leaders summit, during which the bloc is hoping to come to agreement on the €750bn (£678bn) package of fiscal stimulus measures.
But there is considerable division among member states about the plan, with several staunchly opposing the plan to raise vast sums of money on bond markets.
Analysts noted that, since many of the measures had been flagged in advance, the statement did little to boost UK stocks.
“It was a mixed affair on Thursday morning — the markets struggling a bit for direction on a fairly quiet week for data,” said Connor Campbell, a financial analyst at trading platform Spreadex.
The mixed fortunes for stocks in Europe followed a strong trading session in Asia, where demand from retail traders continued to boost stocks in China.
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Futures were pointing to a lower open for US stocks on Thursday.