European stocks traded lower on Thursday as investors awaited the European Central Bank’s announcement of growth and inflation and continued to watch the developments in Ukraine.
The ECB will announce its monetary policy decisions this afternoon, followed by Christine Lagarde’s regular press conference. The central bank is not expected to change its policy, with the Board. reaffirms its intention to complete bond purchases by the summer and then raise interest rates to tackle the inflation rally to record highs.
On the board, the pan-European Stoxx 600 index recorded small gains of 0.1% at 457.25 points.
The German DAX gained 0.1% to 14,091.24 points, the French CAC 40 gained 0.4% to 6,568.73 points, while the British FTSE 100 lost 0.2% to 7,563.54 points.
In the periphery, the Italian FTSE MIB gains 0.35%, while the Spanish IBEX 35 gains small gains of 0.1%.
Investors, meanwhile, continue to watch the war in Ukraine. A Russian cruiser was hit by Ukrainian forces in the Black Sea on Thursday, forcing its crew to evacuate.
Source: Capital
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