• Wed. Oct 28th, 2020

European markets pull back ahead of ECB meeting; Games Workshop up 12% – CNBC

European stocks fluctuated Thursday morning ahead of the European Central Bank’s (ECB) latest meeting on monetary policy in the euro zone.

Global markets are also looking ahead to the U.S. Labor Department’s weekly jobless claims report later today. Economists surveyed by Dow Jones expect 850,000 new claims, down from last week’s 881,000.

Insurance marketplace Lloyd’s of London on Thursday posted a first-half pre-tax loss of £400 million ($520.08 million) on the back of £2.4 billion in Covid-19 payouts so far this year.

Games Workshop shares rallied more than 12% in early trade after an upbeat three-month trading update, while at the other end of the European blue-chip index, supermarket chain WM Morrison slid 4.4% after reporting a 25.3% fall in first-half profit, while British aerospace company Meggitt dropped 4.8%.