AgenciesThe pan-European STOXX 600 index inched up 0.3%. The basic resources index led the gains, rising 1.1%, while telecommunication shares lost 0.7%.
Wall Street closed lower on Wednesday after data showed private employers hired far fewer workers than expected in March.
German industrial production rose significantly more than expected in February due, in part, to vehicle manufacturing, increasing 2.0% on the previous month.
Investors will keep a close eye on a key U.S. jobs report on Friday for more clues on the outlook for global interest rates.
Credit Suisse rose 0.6% after Switzerland instructed the bank to cancel or reduce all outstanding bonus payments for the top three levels of management
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- SP Group Looks to Raise $1.75b Against Tata Stake
The Shapoorji Pallonji (SP) Group, the single largest shareholder of Tata Sons, is in talks to raise $1.75 billion by pledging the remaining half of its stake in the unlisted holding company of the Tata Group, said people with knowledge of the matter.
Cook may Fly in to Launch First India Apple Store this MonthApple chief executive Tim Cook is likely to visit India this month for the launch of the iPhone maker’s first company-owned store in the country and also for discussing with key ministers strategic issues such as manufacturing expansion and exports from India, said people with knowledge of the matter. If the visit does take place, it could possibly include a meeting with Prime Minister Narendra Modi.
UK Govt Offers to Sweeten Package for Tata Steel UKThe UK government has offered to revise the offer made in January to Tata Steel UK, which has been seeking a financial package to execute its decarbonisation plans for the Port Talbot plant. Tata Steel has sought fiscal support from the UK government for replacing the two blast furnaces at its factory that are nearing the end of their operational life.
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