European equity indexes finished Wednesday broadly lower as investors brace for the latest rate call from the European Central Bank (ECB). Equities tu
is set to raise its inflation expectations for the continental economy as price gains continue to prove resilient in the face of ECB actions.
The ECB is slated to release its latest rate call on Thursday’s market session, where investors will be keeping a close eye on statements. The ECB is still broadly expected to keepwhere they are for the time being, but background bets on a rate hike have been steadily increasing, and an upside surprise isn’t entirely off the table.
The DAX ended the day down near €15,654 with the French CAC40 closing at €7,222. The Euronext 100 is similar down 0.4%, to €1,335, and the EU-broad EuroStoxx 600 slipped to €453.94. The Automotive sector in Europe provided what little support European equities received on Wednesday, with the EU set to investigate improper electric vehicle subsidies that the Chinese government has been supplying to their domestic auto manufacturers, with the President of the European Commission Ursula von der Leyen stating that while they welcome competition, they were not open to a “race to the bottom”.
slipping on Tuesday following a surprise resignation from the company’s CEO, Bernard Looney. Looney has been accused of failing to disclose the nature of his personal relationships with some colleagues. BP’s stock is down nearly 3% for the day, clipping into £508.50 to settle the day.Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
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