ECB's Decision Impacts European Markets

Following the European Central Bank's (ECB) unanimous decision to reduce its key interest rates by another 25 basis points, marking the seventh rate cut in a year, major stock indexes in Europe closed mostly lower on Thursday. This move has stirred the markets, with investors closely analyzing the implications.

Economic Indicators Under Scrutiny

Investors also digested recent reports highlighting a decrease in producer prices in Germany for March and Switzerland's trade surplus reaching 13.7 billion Swiss francs in the first quarter of 2025. These indicators are crucial for understanding the current economic landscape in Europe.

Market Performances at a Glance

The DAX declined by 0.49%, with Fresenius Medical Care experiencing a significant tumble of 5.78%. The FTSE 100 remained flat, while the CAC 40 and the Euro Stoxx 50 slipped by 0.60% and 0.63% respectively. Notably, Hermes International fell by 3.22% on both indexes.

Currency Movements

At 5:32 pm CET, the euro lost 0.22% against the dollar, trading at $1.13760. Conversely, the British pound saw a slight increase of 0.11% compared to the dollar at 5:33 pm CET, selling for $1.32568.