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European stocks erase earlier gains at start, Stoxx Europe 600 dips 0.1pc

byCustoms Today Report
04/03/2015
in Uncategorized
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FRANCE: European equities erased earlier gains and were little changed, with miners falling the most.

The Stoxx Europe 600 Index dropped 0.1 percent to 387.12 at 9:05 a.m. in London, with commodity producers falling 0.8 percent. The benchmark gauge lost 1.2 percent in the past two days after reaching a seven-year high last week as lenders and energy companies declined.

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Investors are waiting for Thursday’s European Central Bank meeting for details about the quantitative-easing program announced in January. The ECB will also give its first growth and inflation forecasts for 2017 for clues on the duration of the plan. The central bank’s move sparked a rally of almost 15 percent in the Stoxx 600 this year through the end of February.

Tags: European stocks

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