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1/24/2019, 9:18 AM (Source: TeleTrader)
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Europe trades lower ahead of ECB rate decision

Markets in Europe traded mixed in early trading on Thursday as investors kept an eye on European Central Bank's interest rate decision due later in the day. Although the EU's central financial institution is not expected to issue any policy announcements it may, however, recognize a slowdown in growth. In the United Kingdom, Brexit remains a point of concern as cross-party lawmakers intend to put a stop to a no-deal scenario.

The DAX lost 0.28% shortly after the open led by losses from Adidas 2.56%. The CAC 40 declined 0.09% dragged down by auto industry giants Renault ​and TechnipFMC losing 1.20% and 1.03%, respectively. Meanwhile, the FTSE 100 was down 0.33% with Rentokil Initial as the worst performer falling 2.67%. The euro lost 0.33% against the US dollar, buying 1.1347 at 9:15 am CET, while the British pound declined 0.24% against the greenback, changing hands for 1.3040 at the same time.

Breaking the News / GG