Thursday, October 17, 2024
14.3 C
London

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.



Source link

Hot this week

Italy supports the establishment of the European Hydrogen Bank

The Italian news agency Ansamed reported on Thursday...

Southern Ontario to see ‘perfect’ stretch of warm, sunny weather

Parts of Ontario are in for a stretch...

Global ESG gap widens as trust in governments and businesses declines

There is a global gap in environmental, social,...

Civil Defence call for enlistment, volunteers welcome

All women born in 2002 and all men...

Russia announces its control of a new town in eastern Ukraine

The Ministry of Defense report stated: “As a...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img