Global Markets | European shares decline as Mideast war worsens, focus shifts to ECB decision
European shares slipped on Thursday as an intensifying conflict in the Middle East sapped risk appetite while markets awaited the European Central Bank's monetary policy verdict.
By Reuters |
European shares slipped on Thursday as an intensifying conflict in the Middle East sapped risk appetite while markets awaited the European Central Bank's monetary policy verdict.
The pan-European STOXX 600 was down 1.3% at 590.43 points by 0809 GMT with industrials being the biggest drag on the benchmark.
London stocks were down 1% ahead of the Bank of England's interest rate decision.
Miners declined 3% as gold prices pulled back, while losses in some heavyweight financials also weighed heavily on the index.
The European Central Bank is all but certain to keep interest rates on hold at 2% later in the day. Comments from policymakers will be assessed to gauge the impact of rising oil prices on growth and cost of living.
Interest rate decisions are also due in Zurich, Copenhagen and Stockholm on Thursday.
Global markets were rattled as the Iran war deepened after Tehran blamed Israel for striking its facilities in the huge South Pars gas field.
Among individual moves, Logitech climbed 2.4% after computer peripherals maker announced a new $1.4 billion share-buyback program.
The pan-European STOXX 600 was down 1.3% at 590.43 points by 0809 GMT with industrials being the biggest drag on the benchmark.
London stocks were down 1% ahead of the Bank of England's interest rate decision.
Miners declined 3% as gold prices pulled back, while losses in some heavyweight financials also weighed heavily on the index.
The European Central Bank is all but certain to keep interest rates on hold at 2% later in the day. Comments from policymakers will be assessed to gauge the impact of rising oil prices on growth and cost of living.
Interest rate decisions are also due in Zurich, Copenhagen and Stockholm on Thursday.
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Global markets were rattled as the Iran war deepened after Tehran blamed Israel for striking its facilities in the huge South Pars gas field.
Among individual moves, Logitech climbed 2.4% after computer peripherals maker announced a new $1.4 billion share-buyback program.
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