{"id":22618,"date":"2022-06-09T09:12:41","date_gmt":"2022-06-09T09:12:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/09\/european-shares-slide-ahead-of-ecb-rate-decision\/"},"modified":"2022-06-09T09:12:41","modified_gmt":"2022-06-09T09:12:41","slug":"european-shares-slide-ahead-of-ecb-rate-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/09\/european-shares-slide-ahead-of-ecb-rate-decision\/","title":{"rendered":"European Shares Slide Ahead Of ECB Rate Decision"},"content":{"rendered":"
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European stocks slipped into the red on Thursday as investors awaited the outcome of a European Central Bank meeting later in the day for clues on the pace of policy tightening. <\/p>\n

Traders also await the release of Friday’s U.S. consumer inflation report that could determine future Fed interest rate moves. <\/p>\n

The pan European Stoxx 600 was down 0.6 percent at 437.75 after declining 0.6 percent on Wednesday. <\/p>\n

The German DAX fell 0.7 percent, while France’s CAC 40 index and the U.K.’s FTSE 100 both slipped around 0.4 percent.<\/p>\n

Swiss lender Credit Suisse lost 2.6 percent on growing skepticism of a takeover from U.S. financial giant State Street.<\/p>\n

Miners were broadly lower as new Covid-19 curbs in Shanghai added to worries over slowing global growth. <\/p>\n

BP Plc, Shell and TotalEnergies were seeing modest gains as oil prices held near 13-week highs on signs of robust demand in the world’s top consumer United States. <\/p>\n

British American Tobacco slipped half a percent despite backing its 2022 guidance. <\/p>\n

Roche rose over 1 percent. The U.S. health<\/span> regulator has approved Foundation Medicine’s FoundationOne CDx as a companion diagnostic for Roche’s Rozlytrek or entrectinib. <\/p>\n<\/p>\n<\/div><\/div>\n