European Markets React to Consumer Confidence Data and ECB's Inflation Outlook

On Thursday, European stock markets predominantly closed lower, influenced by the latest Eurozone consumer confidence report which aligned with expectations without any surprises. The European Central Bank (ECB) maintained a cautious stance on inflation and future interest rate decisions, contributing to market uncertainties.

Notable Stock Movements Across Major Indexes

The DAX index saw a significant drop of 1.13%, with Zalando SE leading the decline at 4.05%. Similarly, the CAC 40 fell by 0.66%, with Stellantis NV experiencing a sharp 5.62% drop. The Euro Stoxx 50 wasn't spared, decreasing by 1.16%, as Ferrari S.p.A. plummeted by 7.91%. In contrast, the FTSE 100 managed a slight increase of 0.23%, buoyed by Rolls-Royce Holdings PLC's impressive 15.18% surge, ahead of a key meeting between British Prime Minister Sir Keir Starmer and U.S. President Donald Trump.

Currency Movements

By 5:28 pm CET, the euro had depreciated by 0.78% against the US dollar, while the pound sterling decreased by 0.42%, trading at $1.04046 and $1.26209, respectively.