Europe opens mixed ahead of ECB rate decision

Thursday, 12. September 2019 09:05

European stocks started mixed on Thursday as market watchers awaited the European Central Bank's decision on whether to cut interest rates and introduce a new stimulus program. In other news, reports indicated that Hong Kong Exchange and Clearing Limited's $36.6 billion bid for the London Stock Exchange Group Plc could be scrutinized in Washington and British American Tobacco plc said that it would trim 2,300 jobs by January next year. Investors also digested CPI data for Germany for August and awaited industrial production data for the European Union later in the day.

The CAC 40 and FTSE 100 were both flat while the DAX rose 0.30% as Covestro AG advanced 2.14% at the opening bell.

The euro and British pound were both flat against the dollar to go for 1.1016 and 1.2336 respectively at 9:04 am CET.

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