Flags of the European Union flutter in front of the headquarters of the European Central Bank in Frankfurt am Main on March 12, 2020.
Daniel Roland / Agence France-Presse / Getty Images
European stocks fell on Thursday after a decision and press conference from the European Central Bank that was expected to raise concerns about the appreciation of the euro.
The Stoxx Europe 600 gained 1.6% on Wednesday
decreased by 0.3%.
US stocks, especially in the tech sector, posted a loss on Wednesday as the Nasdaq Composite
rebounded 2.7%. US stock futures
were lower on Thursday.
The ECB's decision is due at 1:45 p.m. Central European Time (7:45 a.m. East), although analysts are focused on the press conference with President Christine Lagarde at 2:30 p.m.
Attention is also directed to London, where an emergency meeting will be convened on the UK's decision to unilaterally amend its take-back agreement. Bloomberg News reported that the European Union is considering filing a lawsuit.
Wm Morrison supermarkets
declined 4% after adjusted pre-tax profit decreased 25% in the first half, with the company experiencing higher costs and lower consumer demand for fuel. "Some traders will wonder if Morrisons cannot see earnings surge when a pandemic has driven demand and when they will see earnings surge," said David Madden, market analyst at CMC Markets UK.
Chemical company Akzo Nobel
rose 3% as the company said third-quarter sales will be close to last year's level. A strong demand for decorative paints has been reported in Europe and South America.
This is an increase of 12% after performance exceeded expectations for the quarter ended August 30th.