6/14/2018, 8:23 AM (Source: TeleTrader)
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European markets seen lower ahead of ECB rate decision

European stock markets are expected to start the Thursday trading session with losses as investors wait for the upcoming decision by the European Central Bank (ECB) on whether to raise key interest rates and start winding down its massive bond-buying program. Also, an ECB meeting is scheduled shortly after the decision in the Latvian capital of Riga, where ECB President Mario Draghi is due to provide his insights on the state of the Eurozone economy, as well as the future of the quantitative easing program. Meanwhile, German consumer price index (CPI) was released before the bell, showing that the annual rate of inflation stood at 2.2% in May.

The FTSE 100 is expected to drop 0.51% at the start of the session, while the DAX is seen 0.64% in the negative territory. Meanwhile, CAC 40 is due for a 0.34% lower start at the opening bell.

The euro was 0.13% higher against the dollar to sell for 1.1805 at 8:20 am CET, while the pound added 0.18% versus the greenback to go for 1.3399 at the same time.

Breaking the News / FH