
European shares fall as investors await ECB rate decision
(Il Sole 24 Ore Radiocor) - Milano, 17 apr - European share prices were lower as investors reviewed corporate earnings and awaited the European Central Bank's decision on interest rates, looking for any signals about the impact of US tariffs on the eurozone economy.
The ECB is widely expected to cut rates by 0.25 percentage points today, marking the seventh reduction since it began easing monetary policy in June last year. The last rate cut occurred on March 6.
While rate cuts are typically welcomed by markets, today's move is seen more as a response to growing economic weakness than a fresh stimulus.
President Christine Lagarde is likely to stress that uncertainty remains high and that future decisions will depend on economic data.
At 0952 GMT, Milan's FTSE MIB index was down 0.18% to 36,004.00 points while in Frankfurt the DAX slipped 0.27% to 21,258.00 points and in Paris the CAC 40 shed 0.51% to 7,292.92 points. London's FTSE 100 was 0.70% lower at 8,217.75 points while Madrid's IBEX 35 slipped 0.18% to.
12,912.93 points.
(RADIOCOR) 17-04-25 12:07:18 (0318) 5 NNNN