ECB stimulus draws tepid response from stocks; banks end flat

BENGALURU - European stocks edged higher in choppy trading on Thursday , with banks underwhelmed by the European Central Bank's stimulus measures while Washington's move to delay tariffs on Chinese goods boosted automakers and technology firms.

Gains in the Stoxx index wore off as the session progressed, however, with euro zone banks swinging on the news that the ECB was easing the terms of its cheap loan scheme to banks and introducing a tiered deposit rate. Euro zone banks - one of the main beneficiaries of an investor pivot into value stocks in recent days - closed 0.24 per cent higher, while broader European banks finished unchanged.

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