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European Stocks Close Lower as ECB Leaves Policy Unchanged


Thursday, 16 July 2020 23:16 WIB

Eropa Stoxx600Saham EropaStoxx Europe 600


European stocks finished in negative territory on Thursday, failing to get a boost from Chinese growth data showing a rebound in the economy.

The pan-European Stoxx 600 slid 0.46% to 372.16, with the travel and leisure sector dropping 1.9% to lead losses while construction and material stocks bucked the trend to add 0.5%.

The European Central Bank opted Thursday to keep its interest rates and emergency coronavirus stimulus program unchanged, while it monitors the economic strength of the euro zone.

International investors began the session digesting the latest growth data from China Thursday, which revealed that the country's GDP grew by 3.2% in the second quarter of this year, compared to a year ago. This beat analysts' expectations of 2.5% growth and rebounding from the first quarter's contraction. Stocks in Asia Pacific closed lower on Thursday following the data, nonetheless.

Source : CNBC


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