European markets opened higher as regional investors await the last monetary policy decision from the European Central Bank (ECB) this year.
European markets moved higher at the start of the session, as regional investors await this year's final monetary policy decision from the European Central Bank .index was up 0.14% with all major bourses and most sectors trading in the green. Oil and gas stocks added 0.92%, while media stocks dipped 0.28%.on Thursday, with economists expecting a 25-basis-point rate cut rather than the"jumbo" 50-basis-point move that was previously expected.
Traders are still betting that the Fed will cut rates; Fed funds futures are pricing in a more-than 98% likelihood that the central bank lowers rates at that meeting,European markets opened higher on Thursday, as regional investors await the last monetary policy decision from the European Central Bank this year.index was up 0.14%, with all major bourses and most sectors trading in the green. Oil and gas stocks added 0.92% while media stocks dipped 0.28%.
"We do think the ECB will go gradually ... but I do think there's going to be some acknowledgement today that rates are headed into a lower direction," Chief European Economist Jari Stehn told CNBC ahead of the decision. "Lower rates will help somewhat with savings and boosting consumer spending, and that is one reason why we do think Europe will grow next year," he added.Analysts have hiked price targets on these 5 stocks ahead of earnings next month
At least ten Wall Street analysts have turned bullish on four of those five stocks ahead of their quarterly earnings reports.Stock futures slip after Nasdaq notches record close above 20,000
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