LONDON – European stocks are expected to open lower ahead of the European Central Bank’s latest interest rate decision on Thursday.
United kingdom FTSE index The index is expected to open 32 points lower at 7554, German Dax down 75 points at 14,360 points in France CAC 40 Down 35 points at 6403, Italy FTSE MIB 156 points lower at 24,062, according to data from IG.
European markets will focus on the upcoming monetary policy meeting and the European Central Bank’s decision on Thursday. The central bank is expected to confirm its intention to raise interest rates next month. The move comes after inflation in the eurozone, which includes 19 countries Hit another record in May.
Markets will wait for ECB President Christine Lagarde’s post-meeting press conference to gauge the strength of the bank’s behavior.
Asia-Pacific markets were mixed on Thursday, as investors awaited the market’s reaction to China’s trade data for May, which outperformed expectations. Meanwhile, US stock futures were flat in overnight trading on Wednesday after major averages ended the regular session lower and US Treasury yields rose.
On Wednesday, investors continued to look for signs of slowing economic growth ahead of the CPI reading for May, which is scheduled for Friday. The data is expected to come in slightly lower than the April figures and may indicate that inflation has peaked.
There are no major earnings or data releases on Thursday.
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