{"id":60552,"date":"2025-06-05T09:05:14","date_gmt":"2025-06-05T09:05:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/05\/european-shares-edge-higher-before-ecb-rate-decision\/"},"modified":"2025-06-05T09:05:14","modified_gmt":"2025-06-05T09:05:14","slug":"european-shares-edge-higher-before-ecb-rate-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/05\/european-shares-edge-higher-before-ecb-rate-decision\/","title":{"rendered":"European Shares Edge Higher Before ECB Rate Decision"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

European stocks were slightly higher on Thursday ahead of an expected rate cut from the European Central Bank later in the day. <\/p>\n

In economic releases, Germany’s factory orders increased for the second straight month in April, though at a slower pace, data from Destatis showed earlier today. <\/p>\n

Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March. Meanwhile, orders were forecast to fall 1.0 percent.<\/p>\n

On a yearly basis, factory orders logged an expansion of 4.8 percent, faster than the 3.7 percent growth in the prior month.<\/p>\n

Elsewhere, the U.K.’s Office for National Statistics has said that the annual inflation rate for April was overstated due to a data error stemming from a government department. <\/p>\n

According to revised data, consumer price inflation for the 12 months to April 2025 stood at 3.4 per cent instead of 3.5 percent reported earlier. <\/p>\n

The pan European STOXX 600 rose 0.4 percent to 553.04 after rising half a percent in the previous session. <\/p>\n

The German DAX gained 0.4 percent, France’s CAC 40 added 0.3 percent and the U.K.’s FTSE 100 was up 0.1 percent. <\/p>\n

Italy’s UniCredit edged up slightly after receiving EU clearance for its bid for Banco BPM.<\/p>\n

Nordex rose about 1 percent on securing a 56-MW order from Umwelt Management AG for a repowering project in Lower Saxony, Germany.<\/p>\n

Office landlord Workspace Group climbed 1.1 percent after posting strong full-year results and lifting annual dividend. <\/p>\n

Mitie Group plummeted 11 percent. The outsourcer said it would acquire smaller peer Marlowe for about 366 million pounds ($496 million) in a cash-and-stock deal.<\/p>\n

Wizz Air Holdings plunged 24 percent. The budget carrier reported an around 62 percent slide in annual operating profit, citing growth challenges and capacity constraints. <\/p>\n

Wise shares surged 11 percent after the fintech firm said it would move its primary listing from London to New York. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n