European stocks edge up as ECB decision awaited
European stocks rose Thursday, with the STOXX 600 up around 0.2% and the STOXX 50 up around 0.2% after the prior session’s losses of more than 1%. Investors await the ECB’s monetary policy decision widely expected to include a 25bps rate hike.
2% after falling more than 1% in the prior session. Markets are awaiting the ECB’s monetary policy decision later in the day, with a 25bps rate hike widely expected. Investors will watch ECB President Christine Lagarde’s guidance on the policy outlook, including whether policymakers signal that further rate increases may be needed as inflationary pressures build. Brent crude traded above $101 a barrel.
7%. SAP was among the biggest losers, down around 3%.