European Markets React Positively to ECB's Rate Cuts

On Thursday, major European stock indexes showed mostly positive movement following the European Central Bank's (ECB) decision to reduce its three key interest rates by 25 basis points (bps). This marks the third consecutive rate cut this year by the ECB, aiming to stimulate the economy.

The DAX grew by 0.15%, and the Euro Stoxx 50 added 0.10%, with notable gains by Airbus SE, which rose 2.34% on both indexes. The FTSE 100 increased by 0.12%, boosted by Diageo PLC's 2.77% rise. However, the CAC 40 remained unchanged.

In the currency market, the euro stayed flat against the dollar at $1.04907 at 5:27 pm CET. Meanwhile, the pound sterling weakened by 0.36% against the greenback, trading at $1.26999 shortly after.