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European stocks open marginally higher after European Central Bank cut

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European stocks opened slightly higher 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.

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023.LONDON — was up 0.1% in early deals, with sectors trading in mixed territory. Tech stocks added 0.5% while mining stocks lost 0.3%. It followed the European Central Bank's decision to cut interest rates for the first time since 2019 in a widely expected move, despite. It takes the key bank rate in the 20-nation euro zone to 3.75%, down from a record 4%.

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