3 Dec 2015
European stocks rally ahead of ECB minutes
FXStreet (Mumbai) - The stock markets across Europe rallied on Thursday as investors anticipate a fresh monetary stimulus from the European Central Bank (ECB) later today.
The pan-European blue chip Euro Stoxx 50 index advanced 0.80%. Among the regional indices, the Germany’s DAX rose 0.90%, while France’s CAC gained 0.70%. The UK’s FTSE was lagging; up just 0.10%.
Shares in Finland’s Nokia fell more than 1%, while Germany’s E.ON. SE and RWE AG ST advanced 3% and 2.6% respectively.
Investors are looking ahead to the ECB monetary policy committee meeting on Thursday. The bank is widely expected to cut the deposit rate by 10bps and introduce a minor tweak in its QE program. The odds of more stimulus increased yesterday after preliminary euro zone inflation data for November showed that prices rose a lacklustre 0.1%.
The pan-European blue chip Euro Stoxx 50 index advanced 0.80%. Among the regional indices, the Germany’s DAX rose 0.90%, while France’s CAC gained 0.70%. The UK’s FTSE was lagging; up just 0.10%.
Shares in Finland’s Nokia fell more than 1%, while Germany’s E.ON. SE and RWE AG ST advanced 3% and 2.6% respectively.
Investors are looking ahead to the ECB monetary policy committee meeting on Thursday. The bank is widely expected to cut the deposit rate by 10bps and introduce a minor tweak in its QE program. The odds of more stimulus increased yesterday after preliminary euro zone inflation data for November showed that prices rose a lacklustre 0.1%.