European stocks fluctuated slightly on Wednesday as investors adopted a wait-and-see attitude ahead of a crucial meeting of the European Central Bank, which is expected to announce the completion of bond markets in order to pave the way for higher interest rates.
The ECB has already said bond markets should be completed in the third quarter amid a rally in inflation to record lows, with analysts now waiting for the bank to raise interest rates in July. ECB President Christine Lagarde has also warned that inflation will remain high in the coming months, largely due to a sharp rise in energy costs following Russia’s invasion of Ukraine.
On the board, the pan-European Stoxx 600 index recorded small losses of 0.1% at 442.36 points.
The German DAX loses 0.15% to 14,534.91 points, the French CAC 40 falls 0.2% to 6,488.70 points, while the British FTSE 100 moves with small gains of 0.03% to 7,600.17 points.
In the region, the Italian FTSE MIB is down 0.2%, while the Spanish IBEX 35 is up 0.1%.
Credit Suisse securities are plunging more than 5% after the bank warned it expects to show losses for the second quarter.
Source: Capital
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