European stocks rise as recovery plays advance, with ECB meeting on tap

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

European stocks rose Thursday as traders renewed bets on an economic recovery, ahead of an European Central Bank meeting in which the central bank will...

European stocks rose Thursday as traders renewed bets on an economic recovery, ahead of a European Central Bank meeting in which the central bank will communicate its intention to keep monetary policy loose for the foreseeable future.

Futures on the S&P 500 ES00, +0.20% edged 0.2% higher, after the S&P 500 SPX, +0.82% rose Wednesday for the second day in a row, adding 2.4% over the period. “We believe that the meeting may deliver some dovish tweaks to the ECB’s language and forward guidance that reflect changes announced in the recent monetary policy strategy review, in particular the ECB’s statement that monetary policy needs to be ‘especially forceful or persistent’ when policy is set close to the looser end of the spectrum,” said strategists at Credit Suisse.

Earnings continued to pour in on both sides of the Atlantic. Unilever ULVR, -5.26% shares slumped 4% in London, as the maker of Dove soap and Ben & Jerry’s ice cream warned its operating margin for the year will be flat due to cost inflation.

 

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

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

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

European stocks set to maintain buoyant momentum; ECB decision aheadEuropean stocks are expected to open higher on Thursday, reflecting positive global momentum after a dour start to the trading week. nice
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set to maintain buoyant momentum; ECB decision aheadEuropean stocks are expected to open higher on Thursday, reflecting positive global momentum after a dour start to the trading week. nice
Source: CNBC - 🏆 12. / 72 Read more »

Oil retreats on surprise rise in U.S. stocks, weakening demand outlookOil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening fuel demand. nice
Source: Reuters - 🏆 2. / 97 Read more »