European shares climb on earnings boost ahead of ECB policy verdict
Stocks in Europe regained some lost ground on Thursday as investors eyed a dovish outlook on top of an expected European Central Bank interest rate cut during the day, while parsing a largely upbeat set of corporate earnings.
The continent-wide STOXX 600 index gained 0.4% at 0820 GMT, following a two-day decline.
The ECB is expected to further trim its interest rates by 25 basis points at 1215 GMT (8:15 a.m. ET), following a similar-sized cut in September. This would mark its first back-to-back rate cuts in 13 years.
With inflation slowing and the bloc in worse shape, money markets will look for any clues to justify their expectations of three further reductions through March 2025.
«The ECB might be willing to be a bit more straightforward in their communication suggesting further cuts are coming in,» said Barclays Private Bank chief market strategist Julien Lafargue.
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