• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

European indices fall ahead of ECB decision


October, 26 2023
watermark Economic news

European stock markets on Thursday showed negative dynamics against the background of quarterly reports of companies and on the eve of the outcome of the meeting of the European Central Bank.


The main European indices are losing in price. The Stoxx Europe 600 composite index of the largest European companies fell by 0.76% to 431.97 points.


The British FTSE 100 lost 0.59%, the German DAX – 1.08%, the French CAC 40 – 0.7%, the Italian FTSE MIB and the Spanish IBEX 35 fell by 0.69%.


Many market participants, in anticipation of the ECB's decisions, assume that the bank will not change key interest rates after an aggressive cycle of raising them in the past months. Recall that in September, rates were raised by 25 basis points, and now the base rate on loans is 4.5%. The deposit rate is 4%, the margin loan rate is 4.75%.


At the same time, inflation in the eurozone continues to remain high, exceeding the target level by two times. In a recent interview, ECB President Christine Lagarde confirmed the regulator's determination to keep inflation at 2% in the medium term. She also expressed confidence that the ECB is moving in the right direction to achieve this goal.


Top Top