{"id":53886,"date":"2024-12-12T09:41:41","date_gmt":"2024-12-12T09:41:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/12\/european-shares-mixed-ahead-of-ecb-rate-decision\/"},"modified":"2024-12-12T09:41:41","modified_gmt":"2024-12-12T09:41:41","slug":"european-shares-mixed-ahead-of-ecb-rate-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/12\/european-shares-mixed-ahead-of-ecb-rate-decision\/","title":{"rendered":"European Shares Mixed Ahead Of ECB Rate Decision"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks were mixed on Thursday ahead of a European Central Bank (ECB) rate decision later in the day. <\/p>\n<p>The ECB is widely expected to cut its benchmark rates by 25 basis points for the third consecutive meeting, citing weaker economic growth and moderating inflation.<\/p>\n<p>Earlier today, the Swiss National Bank cut its interest rate by 50 basis points, its biggest reduction in almost 10 years amid an ongoing tussle with depressed inflation and a strong Swiss franc.<\/p>\n<p>Investors also waited for French President Emmanuel Macron to appoint a new prime minister.<\/p>\n<p>Macron is seeking a political deal that would allow him to both name a new prime minister and &#8220;guarantee the stability of the country,&#8221; a spokesperson for the outgoing government said Wednesday and insisted there was at the moment no &#8220;broader&#8221; political alliance than the current one between his centrist allies and conservatives from the Republicans party.<\/p>\n<p>The pan European STOXX 600 was marginally lower at 519.57 after rising 0.3 percent on Wednesday. <\/p>\n<p>France&#8217;s CAC 40 slipped 0.1 percent, while the German DAX was marginally higher and the U.K.&#8217;s FTSE 100 rose 0.2 percent. <\/p>\n<p>Commodity-related stocks traded higher on optimism around more stimulus measures from Beijing.<\/p>\n<p>Miners Anglo American, Antofagasta and Glencore rose between half a percent and 1 percent, while energy giants BP Plc and Shell rose about 1 percent each.<\/p>\n<p>Bodycote, a provider of heat treatment and thermal processing services, was moving higher after an announcement that it intends to extend its existing 60 million pounds of share repurchase by a further 30 million pounds.<\/p>\n<p>Specialist recruiter SThree plummeted 23 percent after warning of a sharp fall in profits.<\/p>\n<p>Tech and electricals retailer Currys soared 12 percent after narrowing its first-half loss and backing full-year targets.<\/p>\n<p>Hensoldt AG, a German provider of sensors and security solutions, was moving lower in choppy trade despite confirming its outlook for fiscal 2024, and raising parts of its medium-term target.<\/p>\n<p>Semiconductor company STMicroelectronics rose about 1 percent after forging a strategic collaboration with Quobly, a French quantum computing startup. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Mixed Ahead Of ECB Rate Decision<\/a><br \/>\n<br \/>2024-12-12 09:41:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks were mixed on Thursday ahead of a European Central Bank (ECB) rate decision later in the day. The ECB is widely expected to cut its benchmark rates by&#8230;<\/p>\n","protected":false},"author":2,"featured_media":53887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-53886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=53886"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53887"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}