European shares were slightly higher, but trading remained cautious on Thursday morning as investors continued to mull over the prospect of the European Central Bank (ECB) announcing monetary stimulus in the next few weeks.
The pan-European Euro Stoxx 600 Index was slightly higher despite some lackluster growth data from France and anxiety spreading across global markets. Investor concerns have centered around deflation in Europe, hefty valuations and ongoing tensions in Ukraine. Current sentiment was highlighted on Wednesday evening by David Tepper, a closely-watched hedge fund manager at Appaloosa Management.
“I’m not saying go short, I’m just saying don’t be too fricking long right now,” he told an audience at SkyBridge Capital’s SALT 2014 conference in Las Vegas.
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