Market Updates
European Markets Lack Direction Ahead of ECB Rate Decision
Bridgette Randall
26 Oct, 2022
Frankfurt
In volatile trading, European markets lacked direction ahead of the central bank's rate decision and rate-path direction.
The European Central Bank is widely expected to lift its key rate by 75 basis points after the policymaker's meeting on Thursday.
Despite the rising political pressure across the euro zone, the ECB is expected to increase rate by a large-size for the second time in a row and third time this year.
The current key lending rate of 75 basis points is lagging the 4-decade high inflation rate of above 10%.
Investors are also awaiting comments on when the ECB is likely to begin its process of selling government bonds after years of expanding its balance sheet dating as far back as euro crisis in 2011.
The DAX index increased 0.5% to 13,117.45, the CAC-40 index edged down a fraction to 6,249.64 and the FTSE 100 index dropped 0.5% to 6,980.23.
Brent crude edged up 67 cents to $97.10 a barrel and TTF natural gas rose 2% to
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