Egypt News Latest News / European stocks rise before central bank meeting



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European shares rose on Thursday, in anticipation of the meeting of the European Central Bank.

The Stoxx 600 rose 0.4% to 393.4 points and the French ACC 0.7% to 5,642 points.

The DAX <.DXI> German rose 0.4% to 12,575.9 points, while the British FTSE lost 0.08% to 7,495.1 points.

During the period, the euro depreciated by 0.07% against the dollar to reach $ 1.11132.

Economic data yesterday showed the contraction of the index of industrial purchasing managers in the euro area to 46.4 points during the month, its lowest level since April 2013

Investors are waiting for the ECB meeting later in the day, while the Fed would expect a reduction in borrowing costs.

The Federal Reserve is expected to hold its monetary policy meeting next week in anticipation of a rate cut.

Investor confidence in the German economy should be released later in the day.
Date: 2019-07-25

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