News Formal

European stocks set for muted open after European Central Bank cut

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »