European stocks were mostly lower on Wednesday, as investors remained
cautious ahead of the European Central Bank's highly anticipated policy
statement due on Thursday.
During European morning trade, the EURO STOXX 50 slipped 0.22%, France’s CAC 40 fell 0.26%, while Germany’s DAX 30 dropped 0.50%.
European equities remained supported amid mounting expectations that the ECB will launch a government bond-buying program at its meeting on Thursday, in a bid to stave off the threat of deflation in the euro area.
Investors remained cautious however amid uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls.
Financial stocks were mixed, as French lenders BNP Paribas (PARIS:BNPP) and Societe Generale (PARIS:SOGN) eased up 0.14% and 0.02%, while Deutsche Bank (XETRA:DBKGn) fell 0.28% and Commerzbank (XETRA:CBKG) jumped 1% in Germany.
Among peripheral lenders, Intesa Sanpaolo slipped 0.16% and Unicredit climbed 0.65% in Italy, while Spanish banks BBVA and Banco Santander lost 0.04% and 0.46%.
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During European morning trade, the EURO STOXX 50 slipped 0.22%, France’s CAC 40 fell 0.26%, while Germany’s DAX 30 dropped 0.50%.
European equities remained supported amid mounting expectations that the ECB will launch a government bond-buying program at its meeting on Thursday, in a bid to stave off the threat of deflation in the euro area.
Investors remained cautious however amid uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls.
Financial stocks were mixed, as French lenders BNP Paribas (PARIS:BNPP) and Societe Generale (PARIS:SOGN) eased up 0.14% and 0.02%, while Deutsche Bank (XETRA:DBKGn) fell 0.28% and Commerzbank (XETRA:CBKG) jumped 1% in Germany.
Among peripheral lenders, Intesa Sanpaolo slipped 0.16% and Unicredit climbed 0.65% in Italy, while Spanish banks BBVA and Banco Santander lost 0.04% and 0.46%.
Read more Click here / www.trade4x.net
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