Thursday, 18 October 2018
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European markets open lower ahead of ECB meeting
Thursday, 14 June 2018 14:22 WIB | MARKET UPDATE |Stoxx 600Saham EropaStoxx Europe 600

European stocks open lower Thursday morning as traders watch developments from central banks across the world.

The pan-European Stoxx 600 opened 0.5% lower at 386.46 with every sector in the red.

Italy's FTSE MIB and France's CAC 40 started the day 0.5% lower at 22,097.81 and 5,423.21 respectively.

U.K.'s FTSE 100 and Germany's DAX traded 0.6% lower at 7,657.35 and 12,810.06 while Spain's IBEX 35 fell 0.4% to 9,864.70 at the open.

Stocks markets have fallen in the wake of the latest decision from the Federal Reserve to hike rates by 25 points. The central bank also indicated that two more increases could still take place this year, which led the Dow to close down by 119.53 points.

In the meantime, traders will be looking at a European Central Bank (ECB) meeting in Riga, Latvia on Thursday, where policymakers are set to start discussing how to put an end to its massive bond-buying program.

Source: CNBC

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