European stocks are expected to open lower on Thursday with the region’s investors geared up for the European Central Bank’s first rate hike in years.
The ECB will publish its monetary policy decision after the meeting of the central bank's governing council. A press conference will follow at 14:45 CEST with ECB President. In June, the central bank said that it intends to raise the key ECB interest rates by 25 basis points at today's meeting.
expected to tender his resignation Thursday after a number of parties in the governing coalition abstained from a vote of confidence that was aimed at renewing and re-uniting the fractious alliance. Draghi won the vote but many senators refused to take part bringing the national unity government to the brink of collapse. Early elections could now take place in September or October.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Rallies as Corporate Earnings Roll in By Investing.com*STOCKS SOAR ON TURNAROUND TUESDAY AS DOW SCORES BEST DAY IN MORE THAN 3 WEEKS -
Read more »
Asian Stock Market: Trades mix as China dives ahead of PBOC, DXY slips, oil aims $100.00Markets in the Asian domain are displaying mixed auctions as Chinese indices have tumbled. Rising cases of Covid-19 in China have spurted the odds of
Read more »
ECB policymakers to discuss rate hike worth 25 bps or 50 bps at Thursday’s meeting – ReutersCiting sources familiar with the European Central Bank’s (ECB) thinking, Reuters reports that the ECB policymakers are likely to discuss a rate hike w
Read more »
ECB Watch: Finally a hike – NordeaAccording to Jan von Gerich, Chief Analyst at Nordea, the European Central Bank (ECB) is likely to start its rate hiking cycle with a 25bp move on Thu
Read more »
EURUSD rallies on a soft US dollar and speculations of the ECB hiking 50 bpsEURUSD rallies on a soft US dollar and speculations of the ECB hiking 50 bps – by christianborjon EURUSD Majors Macroeconomics Technical Analysis
Read more »
Euro rallies after report that bigger ECB rate hike is on the cardsThe euro rallied on Tuesday after a Reuters story that European Central Bank policymakers will discuss whether to raise interest rates by 25 or 50 points at their meeting on Thursday to tame record-high inflation.
Read more »