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MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
investment-ss-3
Reports
Policy rate views: Fed expected to do baby steps
September 18, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Faster but full-year average within target
September 5, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Reports
Monthly Economic Update: Waiting on Jay Powell
September 2, 2025 DOWNLOAD
View all Reports
Equities 2 MIN READ

European shares fall ahead of ECB decision

June 9, 2022By Reuters
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June 9 (Reuters) – European shares slipped on Thursday ahead of the European Central Bank’s meeting later in the day, with investors awaiting clues on the central bank’s policy tightening plans.

The pan-European STOXX 600 index fell 0.5% by 0709 GMT. The index is set to mark its third straight session of losses.

Money markets have now priced in 75 basis points of hikes from the ECB by October, from earlier expectations of 25 bps hikes at each meeting, as euro zone inflation hit record highs. Data showing strong first-quarter economic growth in the euro zone lent weight to the hawkish bets.

Markets globally weakened ahead of the decision, with new COVID-19 curbs in Shanghai adding to recession worries. Asian shares slipped, US Treasuries fell as did US stock futures, while the safe-haven dollar surged to two-decade highs.

The ECB decision is due at 1145 GMT, followed by a press conference at 1230 GMT.

Losses in Europe were largely broad-based and led by miners, while the energy sector was the sole gainer, up 0.4%. Oil prices cheered China’s stronger-than-expected exports in May but soon gave up gains.

Among stocks, British American Tobacco (BATS) rose 0.8% after it said it was confident in delivering its financial targets irrespective of how long it takes to offload its Russian unit.

(Reporting by Susan Mathew in Bengaluru; editing by Uttaresh.V)

 

This article originally appeared on reuters.com

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