Europe starts in red with all eyes on ECB, data

Thursday, 16. July 2020 09:01

Equities on European major stock markets declined at the opening bell on Thursday as investors await the European Central Bank's interest rate decision that is scheduled to be announced during the session. According to the expectations, the ECB is set to keep the rate unchanged.

On the data front, the United Kingdom's unemployment rate grew modestly to land at 3.9% in the three months to May, the latest report from the Office for National Statistics showed. The European Union's trade balance results are expected to be unveiled later in the day.

The DAX slid 0.52% to start the session as Linde Plc lost over 1%. The CAC 40 in Paris decreased by 0.54% with Danone dropping nearly 2%, while the FTSE 100 surrendered 0.24% as Gvc Holdings sank over 3%. The euro diminished 0.12% against the greenback to go for $1.13979 at 8:58 am CET.

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Breaking the News / GA