After the STOXX 600 index reached a record level yesterday, European stocks traded cautiously on Wednesday morning.
The STOXX 600 index, which leads the European stock markets, fell 0.2% at 9:30 am after the stock rose 0.7% yesterday, reaching an all-time high.
The London FTSE index rose 0.80% to 6,878 points, while the Frankfurt DAX rose 0.15% to 15,234 points, and the Paris CAC rose 0.20% to 6,145 points.
The market has provided support to estimates that the recovery of the world economy from the corona crisis has exceeded expectations.
The International Monetary Fund (IMF) yesterday raised its estimate of global economic growth this year from 5.5% to 6%, which will be the fastest growth since 1976.
However, many European countries still maintain strict epidemiological measures to curb the third coronavirus spread, which will slow down the economic recovery.
Therefore, investors are wary of the new macroeconomic data, which will show the recovery phase of individual economies.
In most Asian stock markets, stock prices fell this morning, so the MSCI Asia Pacific Stock Index, which excludes Japanese stocks, fell 0.1% at around 9:30 pm.
On the other hand, on the Tokyo Stock Exchange, the Nikkei index rose 0.1% to 29,730 points.