European stocks steady before ECB rate call
Friday, 6 June 2014
LONDON, June 5 (AFP): European stock markets largely steadied on Thursday as investors sat tight on mounting expectations that the ECB is set to announce cuts to eurozone interest rates.
Frankfurt's DAX 30 index fell 0.13 per cent to 9,913.88 points and the CAC 40 in Paris edged up 0.08 per cent to 4,504.80.
London's FTSE 100 dipped 0.23 per cent to stand at 6,818.15 points compared with Wednesday's closing level.
Madrid's IBEX 35 index won 0.09 per cent to 10,765.40 points.
"European shares are trading little changed this morning, as most traders wait on the sidelines for the eagerly anticipated ECB decision," said Markus Huber, senior analyst at broker Peregrine & Black.
The European Central Bank is forecast to cut its key interest rates on Thursday and unveil other unconventional measures in a battle against deflation, analysts said.