ROME: European stocks were slightly changed after a 4 days rally took them to a seven-year high.
The Stoxx Europe 600 Index climbed less than 0.1 percent to 355.98 at 9:11 a.m. in London. It rallied 4.8 percent in the past four days, closing at its highest level since January 2008, on optimism that the European Central Bank will step up stimulus measures at its Jan. 22 meeting. ECB President Mario Draghi will announce a 550 billion-euro ($637 billion) bond-purchase program, economists surveyed by Bloomberg News forecast.
“Investors are cautiously optimistic that tomorrow’s going to see some quantitative easing,” Ben Kumar, who helps manage $10 billion at Seven Investment Management LLP in London, said in a phone interview. “The signs are all there that Mr. Draghi is going to do something.”
European stock markets slide at open 25 june 2018
London:Europe's main stock markets dropped 0.7 percent in opening deals on Monday, as investors worried over the festering global trade...
