European Daily Market Review

European stocks are without a clear market direction today as market momentum wanes.

The regional Stoxx-600 lost 0.04% at 9:50 a.m. in London, with retail stocks rallied 1.65% as travel stocks fell 0.65%.

The German DAX secured 64.45 or 0.35% from 18,448. The French CAC-40 gained 8.77 or 0.11% from 8193.FTSE-100 slipped 22.29 or 0.28% from 7,908.

Swedish retailer H&M rallied 12% after largely coming off predictions for its fiscal first quarter operating profit.

The Spanish inflation data, which came in at 3.2% for March, and French consumer confidence figures, which showed a cautious a rising sentiment.

H&M shares were on track to surge at their sharpest rate since June 2023 on Wednesday after the Swedish retailer announced greater than predicted first quarter numbers.

The Swedish krona was slightly less versus the common currency and the USD U after the Riksbank held its key interest rate at 4.