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Miners help European equity indices stay upbeat ahead of ECB rate decision

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Mining stocks advanced, ensuring the major European stock markets avoided losses ahead of the European Central Bank rate review.

    At the time of writing, Germany’s DAX largely unchanged on the day. UK’s mining heavy FTSE index was dead flat as well, while France’s CAC was up 0.23%. Stoxx 50 index had added 0.10%. Stoxx 600 was up 0.20% as well.

    Norway’s Subsea 7 was up 4.8%. ArcelorMittal shares were up 3.4%. In London, Petrofac shares added 3%, tracking the rise in oil prices. Meanwhile, Lagardere SCA tumbled 7.1% after its full-year net income halved.

    Buying interest has been restricted by caution ahead of the European Central Bank rate decision. A significant majority in the market feels Draghi may under deliver again.
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