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The European stock market is stable in anticipation of the ECB meeting

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The European stock market is stable in anticipation of the ECB meeting

The European stock market is stable in anticipation of the ECB meeting
September 08
12:30 2016

The European stock market is stable. At the start of the trading session on Thursday securities are being traded without strong differences. The basic regional index is near the maximum over eight months. In the meantime, a lot of investors have focused on the meeting of the European Central Bank, which will take place today at midday.

We can observe the growth of the pan-European STOXX 600 index by 0.16 percent to the beginning of the day. It is close to the high point for eight months.

The securities of the British software producer Micro Focus have risen by 21.5 percent after making a deal with Hewlett Packard Enterprise on the amount of $ 8.8 billion. The indicators of Micro Focus have demonstrated the optimal dynamics among other STOXX 600 components.

It is predicted that the European economy will need an additional stimulus from the European Central Bank, but the controller can make a pause in the issue on taking the decision at the meeting on Thursday.

Despite the fact that the economic growth and inflation remain weak, the European Central Bank has already used all its tools. Accordingly, Mario Draghi, President of the ECB, will likely find many arguments to wait a little longer.

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