European Equities Close Mostly Lower in Monday Trading; Traders Await ECB’s Monetary Policy Decision — TradingView News
European stock markets closed mostly lower in Monday trading as the Stoxx Europe 600 fell 0.03%, the Swiss Market Index slid 0.14%, France’s CAC nudged 0.28% higher, the FTSE in London was down 0.6%, and Germany’s DAX was 0.11% lower.
The European Central Bank will make its monetary policy decision on Thursday after keeping interest rates on hold for three consecutive meetings in January.
It is less likely that the ECB will deliver a dovish policy signal at this week’s policy meeting after the release of stronger eurozone inflation data at the end of last week, Mitsubishi UFG said.
UK Chancellor Jeremy Hunt will also unveil his Spring Budget on Wednesday.
In Switzerland, consumer price index rose 1.2% year over year in February, down from the 1.3% year-over-year gain recorded in January, the Federal Statistical Office reported.
And in corporate news, shares of Airbus were up nearly 2% on the CAC after American Airlines disclosed orders for 260 new aircraft on Monday, including 90 Embraer E175 narrowbody airplanes, 85 Boeing 737 Max 10 and 85 Airbus A321neo jets.
Shares of ING Groep rose past 2% on Euronext Amsterdam after the company said it has begun a share repurchase program for up to 50 million euros ($54.2 million) of the company’s ordinary shares.
