European Equities Higher On Eve Of ECB Meet

LONDON, (APP - UrduPoint / Pakistan Point News - 20th july, 2016) - Europe's main stock markets rose Wednesday, led higher by eurozone indices on the eve of an interest rate decision from the European Central Bank. "Equities have found renewed bullish gusto ...

as investors contemplate upcoming central bank action," said Mike van Dulken, head of research at traders Accendo Markets. In midday deals, London added 0.

3 percent as dealers also digested news that Britain's unemployment rate sat at a 11-year low of 4.9 percent. In the eurozone, Frankfurt shares won 1.4 percent and Paris gained 1.2 percent in value. The ECB was expected to hold fire Thursday on monetary policy -- but would likely prepare the ground for more stimulus in September as the economic fallout from Brexit becomes clearer, analysts predict. The central bank's latest meeting takes place one month after Britain voted to quit the European Union.