empty
 
 

10.06.202609:18:11UTC+00European Stocks Move Lower

European stocks reversed early gains on Wednesday, with the STOXX 50 down 0.3% and the STOXX 600 slipping 0.2%. Investors were reluctant to take on sizable positions as they weighed renewed tensions in the Middle East—following reciprocal strikes by the US and Iran—and looked ahead to Thursday’s ECB monetary policy decision.

The ECB is widely expected to raise interest rates by 25 bps this month, and markets are focused on policymakers’ guidance regarding the future trajectory of monetary policy. In the US, attention is centered on the CPI report due later in the day.

Among individual stocks, HSBC Holdings fell 2.2%, extending losses among UK lenders after a JPMorgan note warned of a potentially larger hit from new Chinese regulations. SAP and Siemens Energy each declined 1.7%, while Thyssenkrupp dropped 3.5%.

On the upside, STMicroelectronics rose 1.2% after BofA Global Research upgraded the chipmaker to “buy” from “neutral,” and Infineon added 0.6%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback