European markets: European shares fall decrease, euro rises if the ECB raises forecasts with out decreasing the forex

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
+ 2.70%
rebounded 2.7%. US stock futures
+ 0.04%
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
+ 3.49%
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.

Games workshop
+ 11.17%,
This is an increase of 12% after performance exceeded expectations for the quarter ended August 30th.

Related Articles