Investing.com - European stock markets fell Thursday, as investors digested more corporate quarterly results ahead of the latest eagerly-anticipated eurozone inflation data.data, due later in the session, as this is likely to guide European Central Bank policymakers over the likely pace of interest rate cuts going forward.
"Maybe we could have started to intervene a few months earlier. But we raised rates at an unprecedented rate, and we managed to bring inflation down significantly over a short period," Lagarde said on Thursday. The ECB has cut interest rates three times this year, with the latest cut at its last meeting in October, the first back-to-back cut since the euro crisis in 2011.Turning to the corporate sector, there are more quarterly earnings from a number of major companies for investors to study.) stock rose 1.5% after Europe’s largest oil and gas company reported third-quarter profit of $6 billion, exceeding forecasts, and announced another $3.5 billion of share buybacks.
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