Europe markets open lower ahead of ECB decision; Siemens Energy jumps 12% on upgraded forecast
European markets opened lower on Thursday as traders await the latest monetary policy decision from the European Central Bank.
The Stoxx 600 index opened 0.3% lower with most sectors declining. Germany’s DAX initially gained before slipping narrowly into the red.
Shares of Siemens Energy popped 12% after it upgraded its fiscal 2025 outlook. French Birkin bag-maker Hermès — newly-crowned as the world’s largest luxury firm — slipped 2.3% following a narrow sales miss.
Regional investors will be monitoring the ECB’s latest monetary policy decision and outlook on Thursday.
The central bank is widely expected to trim interest rates for the third time this year amid widespread concerns over the euro zone’s economic growth outlook in a time of uncertainty over global trade and tariffs. A quarter-point cut would take the ECB’s deposit facility rate, its key rate, to 2.25%.
Source : CNBC