European stocks hover below five-week high ahead of ECB meeting

Published by
Reuters UK

By Elizabeth Howcroft LONDON (Reuters) – European shares fell in early trading on Thursday, as disappointing earnings soured the mood in global markets and traders were cautious ahead of an expected 75 basis point from the European Central Bank. World stocks were knocked off a five-week high during the Wall Street session on Wednesday after U.S. heavyweights including Microsoft Corp and Alphabet inc reported worse-than-expected earnings. But Asian markets benefited from speculation among investors that major central banks are considering slowing their aggressive interest hikes, given signs of …

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