Europe seen mostly lower ahead of ECB decision

Thursday, 09. March 2017 08:12

Europe is expected to open mostly lower on Thursday as market watchers continue to anticipate the European Central Bank’s (ECB’s) interest rate's decision later in the day. Meanwhile, lower investment incentives were also caused by a rather sharp decline in oil prices yesterday after the EIA reported yet another rise in crude oil inventories in the United States. Despite reversing losses from earlier, traders remained cautious in the energy market. Corporate earnings season continues with Aviva, Linde and Hugo Boss due to report their results later today.

The FTSE is seen 0.15% in the red, the DAX is also set to open 0.3% lower and the CAC 40 futures point to 0.2% increase.

The euro traded almost flat against the British pound, adding 0.01% at 0.8666 at 8:05 am CET while it gained 0.02% at 1.0700 at 8:07 am CET. The European currency shed 0.06% against the US dollar at 1.09539 at 8:06 am CET.

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