Live Updates > Live Update Details
2025-12-18 16:24:57
European stocks held steady on Thursday, awaiting the ECB decision. ⑴ European stocks traded sideways on Thursday as investors braced themselves for a series of monetary policy decisions. ⑵ The market widely expects the European Central Bank to keep interest rates unchanged for the fourth consecutive time, with the central banks of Norway and Sweden also expected to hold rates steady. ⑶ In contrast, the market has fully priced in the Bank of England's 25 basis point rate cut. ⑷ Among heavyweight stocks, ASML Holdings and SAP rose nearly 0.3%, rebounding from significant losses in the previous session. ⑸ Luxury goods stocks lagged, with LVMH falling 0.4% and L'Oréal declining 0.2%. ⑹ BNP Paribas dipped slightly by 0.2%, despite reports that it is in talks to acquire Mercedes-Benz's car rental subsidiary. ⑺ Meanwhile, BP shares were virtually unchanged after the company appointed Meg O'Neill as its next CEO, whose strategic shift to renewable energy has disappointed investors.
