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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

European stocks largely higher; Nvidia earnings, PMI data in focusEuropean stocks largely higher; Nvidia earnings, PMI data in focus
Source: Investingcom - 🏆 450. / 53 Read more »

Sales Up 10.6% at Zara Parent Company Inditex in First QuarterZara parent Inditex earnings updates: Sales rise 10.6 percent to 8.2 billion euros, with growth momentum continuing into second fiscal quarter.
Source: wwd - 🏆 24. / 68 Read more »