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European stocks gain ahead of PMI data; Inditex surges

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European stocks gain ahead of PMI data; Inditex surges

Investing.com - European stock markets edged higher Wednesday, rebounding after the previous session’s losses ahead of key regional activity data as investors await the European Central Bank’s latest policy meeting.Persuaded by signs of moderating inflation in Europe, policymakers at the ECB have all but promised to ratchet down borrowing costs at their gathering on Thursday.

While a cut on Thursday is largely seen as a certainty, there remain doubts about what the ECB will agree to in terms of rate cuts for the rest of the year after a slightly higher than expected May inflation print in the eurozone on Friday.rose 0.5% on the month in April, an improvement from the drop of 0.

 

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