European markets close higher as investors digest ECB decision, U.S. data
Publishing timestamp: 2024-01-25 11:51:31
Summary
The European markets moved higher as investors reacted to the European Central Bank's monetary policy decision and U.S. growth figures. The ECB held interest rates steady and stated that it would keep rates high for a "sufficiently long duration" to bring inflation to target. U.S. economic growth for the fourth quarter exceeded expectations. European stocks closed higher, with the technology sector leading the gains. The article also mentions the decision by Norway's central bank to keep interest rates unchanged. Additionally, it discusses the performance of specific companies, such as Nokia and IG Group, and highlights the bullish outlook on the healthcare sector. UBS expects Europe's growth to stabilize at 0.6% this year. European markets are expected to open lower.
Sentiment: NEUTRAL
Tickers: .GDAXI, .FCHI, .FTMIB, .FTSE, .STOXX,
Keywords: prices, breaking news: europe, stoxx 600, economic events, business news,