European stocks close 1% higher after ECB meeting; Stoxx 600 breaches 500-point level for first time
Publishing timestamp: 2024-03-07 12:06:43
Summary
European markets closed higher as the European Central Bank's updated inflation forecast put the 2024 rally back on track. The ECB held interest rates steady and revised its forecast for inflation in 2024. Shares of various companies reacted to news, with some rising and others falling. India's economic prospects are attracting global investors, but barriers exist for foreign investors looking to capitalize on the country's growth potential. Rotation from growth to value stocks is expected to continue, with some value stocks showing potential upside. European markets are set to open flat to lower, with various companies set to announce earnings results.
Sentiment: MIXED
Tickers: .SPX, TEP-FR, .FCHI, .STOXX, .GDAXI, .FTSE, .FTMIB, LLY, VMUK-GB,
Keywords: jerome powell, prices, stoxx 600, breaking news: europe, economic events, business news,
Source: https://www.cnbc.com/2024/03/07/european-markets-live-updates-stocks-news-data-and-ecb-decision.html