European stocks opened slightly higher Wednesday morning, as market participants braced for a dovish outcome from the European Central Bank’s (ECB) upcoming monetary policy meeting.
The pan-European Stoxx 600 traded fractionally above the flatline after the opening bell, tech stocks climbing 0.5% while basic resources stocks tumbled 1.1% in early deals.
Market focus is largely attuned to global central banks, amid expectations that the ECB and the Federal Reserve could soon cut interest rates.
The ECB is seen cutting rates by 10 basis points on Thursday, with the U.S. central bank expected to lower rates by 25 basis points at the end of the month.
Source : CNBC