European Markets on Edge Ahead of ECB Decision

As the European Central Bank (ECB) gears up for its highly anticipated monetary policy announcement, European markets are signaling a cautious start. With expectations set for a third interest rate cut in 2025, investors are wary of the eurozone's economic resilience amidst escalating global trade tensions.

Market Performance at a Glance

At 8:00 am CET, the DAX witnessed a slight decline of 0.27%, while the British FTSE 100 dropped by 0.45%. The French CAC 40 wasn't spared, recording a 0.17% decrease, and the Euro Stoxx 50 fell by 0.25%. Currency markets also felt the pressure, with the euro down 0.41% against the US dollar at $1.13517, and the pound trading 0.23% lower at $1.32111 by 7:59 am CET.