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- European stocks close: stocks traded little changed ahead the European Central Bank’s interest rate decision
European stocks close: stocks traded little changed ahead the European Central Bank’s interest rate decision
Stock
indices traded little changed ahead the European Central Bank’s interest rate decision
on Thursday. Investors are awaiting the ECB will cut interest rates and
announce measures to boost lending to smaller businesses.
Services PMIs
were also in focus in the Eurozone. Eurozone’s services purchase managers’
index (PMI) declined to 53.2 in May from 53.5 in April. Analysts had expected
that the index remains unchanged.
Eurozone’s
gross domestic product remained unchanged at 0.2% in the first quarter, meeting
analysts’ expectation.
Eurozone’s
producer price index fell 0.1% in April, after a 0.2% decline in March. This
figure was expected by analysts.
German
final services PMI declined to 56.0 in May from 56.4 in April. Analysts had
expected that the index remains unchanged.
French
final services PMI sank to 49.1 in May from 49.2 in April. Analysts had
expected that the index remains unchanged.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,818.63 -17.67 -0.26%
DAX 9,926.67 +6.93 +0.07%
CAC 40 4,501.00 -2.69 -0.06%
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