European stocks open flat

By AAP

European equities had marched higher on Thursday, cheered by hints the Fed could raise interest rates sooner than expected in view of US growth, and despite mixed eurozone data. "Traders will keep a close eye on Fed chief Janet Yellen who will deliver a speech on labour markets later this afternoon," said analyst Markus Huber at brokerage Peregrine & Black in London. "Any hints that the labour market is more balanced and healthier than earlier this year might lead to a reassessment by analyst concerning the likely timing of a first rate rise.

Read more here: Business Spectator

    

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