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European stocks set for muted open after European Central Bank cut

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European stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.

The pan-European Stoxx 600 ended Thursday at 524.75 points — just above its previous record close on May 15, according to LSEG data.

It comes after the European Central Bank cut interest rates for the first time since 2019 on Thursday, in a widely expected move, despite nagging inflationary concerns. LONDON — It comes after the European Central Bank cut interest rates for the first time since 2019 on Thursday, in a widely expected move, despiteis the only major market that looks set to open in the green, with IG data indicating a 10-point rise.Thursday was also a big day for politics in the region, as Europe-wide elections got underway. Exit polls from the Netherlands indicate a narrow win by left-wing parties in the country, with eight seats for the Labour/Green Left combination.

 

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European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
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