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European Markets Open Higher Ahead of ECB Rate Decision


Thursday, 25 July 2019 14:29 WIB

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European stocks were higher Thursday morning, after soft economic data bolstered expectations of a rate cut from the European Central Bank (ECB).

The pan-European Stoxx 600 was up around 0.4% shortly after the opening bell, with most sectors and major bourses in positive territory.

Market focus is largely attuned to global central banks, amid speculation outgoing ECB President Mario Draghi could pre-empt a move by the U.S. Federal Reserve and push for lower borrowing costs.

The ECB is scheduled to announce its latest interest rate decision at 12:45 p.m. London time, with Draghi’s press conference set to follow at around 1:30 p.m.

Source : CNBC


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