European stocks opened higher Thursday as investors look ahead to an anticipated announcement of easing measures from the European Central Bank (ECB), while trade tensions between the U.S. and China showed signs of thawing.
The pan-European Stoxx 600 climbed 0.2% after the opening bell, basic resources jumping out to 1.3% gains while oil and gas stocks slipped 0.8%.
The ECB rate decision is expected at 12:45 p.m. London time, with markets widely anticipating a significant package of monetary stimulus from the central bank, but analysts and ECB officials are striking slightly different tones on its magnitude.
Stocks received a boost Wednesday after President Donald Trump announced a two-week delay to the increased tariffs on $250 billion worth of Chinese imports expected on October 1. Trump said pushing the imposition of the duties back to October 15 was intended as a “gesture of good will” as the world’s two largest economies continue a two-year long trade war.
Source : CNBC