{"id":196432,"date":"2023-11-30T05:38:58","date_gmt":"2023-11-30T05:38:58","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196432"},"modified":"2023-11-30T05:38:58","modified_gmt":"2023-11-30T05:38:58","slug":"european-shares-hold-steady-ahead-of-ecb-minutes","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/business\/european-shares-hold-steady-ahead-of-ecb-minutes\/","title":{"rendered":"European Shares Hold Steady Ahead Of ECB Minutes"},"content":{"rendered":"
European stocks were seeing modest gains on Thursday after a survey showed the euro area economy<\/span> continued to contract in November, albeit at a slower pace with improvements seen across all sectors. <\/p>\n Investors await the release of the minutes of the European Central Bank’s October meeting for important clues on the rate outlook.<\/p>\n ECB Governing Council member Joachim Nagel indicated at an event in Milan that the European Central Bank might be nearing its terminal rate for interest rate hikes.<\/p>\n The pan European STOXX 600 was up 0.2 percent at 457.92 after closing up 0.3 percent to touch a two-month high in the previous session. <\/p>\n The German DAX was marginally higher, while France’s CAC 40 and the U.K.’s FTSE 100 both edged up around 0.2 percent.<\/p>\n Spanish utility Endesa declined 2.7 percent after cutting its profit and dividend outlook. <\/p>\n Stellantis N.V., a Dutch automaker, gained 1 percent after repurchasing 50 million common shares from Dongfeng Motor for about 934 million euros ($1.02 billion).<\/p>\n Ericsson lost about 1 percent. The Swedish ICT solutions provider has raised EUR 500 billion (USD 545.5m) through the issuance of a green bond.<\/p>\n Oil and gas shares advanced, with BP Plc climbing 1.1 percent and Shell adding 0.7 percent, despite oil extending overnight losses on concerns over delayed OPEC+ meeting.<\/p>\n Virgin Money UK fell 1.6 percent after reporting a drop in its annual profit.<\/p>\n Travel company Jet2 tumbled 3 percent after reporting its half-year results.<\/p>\n PZ Cussons rose 1.2 percent. The consumer goods company said its performance continues to be in line with the board’s expectations and consistent with its fiscal 2024 outlook. <\/p>\n