Thursday, October 17, 2024
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European stocks rise amid anticipation of the European Central Bank’s decision

European stocks rise amid anticipation of the European Central Bank’s decision

And rose European STOXX 600 index 0.1 percent by 0713 GMT, after a two-day decline.

Finnish Nordea Bank shares rose 5.5 percent, giving a boost to the banking sector, after it raised its expectations and announced a new share buyback program.

It is expected to decrease European Central Bank Interest rates rose another 25 basis points Thursday after a similar cut in September.

In light of the slowdown in inflation and more economic difficulties in the bloc countries, financial markets are looking for any indicators that justify their expectations of a reduction in prices. Interest Three more times until March 2025.

The German company Sartorius rose 12 percent, achieving the highest profits on the STOXX 600 index, after the company announced the results of the third quarter and confirmed its expectations for the full year.

Shares of Swiss elevator Schindler, which is considered an important measure to evaluate the state of the real estate sector, rose 2 percent after announcing a decline in third-quarter sales with a decline in new installations globally.

Company shares fell Nestle 2.4 percent, after failing to achieve targeted sales. It said it expected customer demand to remain weak.

A stock fell Nokia Three percent after quarterly sales failed to reach estimates.



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