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European Stocks To Open Weak

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

European stocks are expected to open muted as markets digest the ECB's commentary a day ago. On Thursday, the European Central Bank said it would slow down on bond purchases under the 1.85 trillion-euro Pandemic Emergency Purchase Programme (PEPP). Last two quarters had witnessed monthly volumes of almost 80 billion euros on the bond purchase.

Overnight, the U.S. benchmarks had closed weak as traders weighed in delta virus-impacted growth concerns as well as a lower jobless claims reading. Nasdaq-100 closed at 15,561.05, around 0.38 percent lower than the previous close whereas Dow Jones Industrial Average ended at 34,879.38, down from the earlier close by 0.43 percent.

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