European shares decline with BoE decision in focus

European shares decline with BoE decision in focus

On Thursday, European shares dropped because market participants were still digesting fresh American political events. Moreover, financial markets were waiting for the Bank of England’s policy verdict.

The EURO STOXX 50 edged down 0.13%, French CAC 40 dipped 0.11%, while German DAX 30 declined 0.09%.

Financial markets were still anxious after Donald Trump’s shocking decision to have FBI Director James Comey fired.

As for financial stocks, they showed mixed performance. French lenders BNP Paribas along with Societe Generale decreased respectively 0.28% and 0.57%, and Deutsche Bank tumbled 0.39%. Additionally, Commerzbank grew 0.38%.

Italian Intesa Sanpaolo as well as Unicredit gained respectively 0.22% and 0.15%, while Spanish banks Banco Santander and tacked on 0.36% and 0.56% respectively.

Aside from that, in London, the FTSE 100 jumped 0.17%, underpinned by revenues in the mining sector.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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