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12 September 2024 23:10  |

European Markets Close Higher after ECB Cuts Rates

European stocks rose Thursday as investors in the region digested the European Central Bank's move to further ease monetary policy.

The pan-European Stoxx 600 closed 0.78% higher. All major regional bourses ended the day in the green, with Germany's DAX closing 0.97% higher.

Sectors were also mostly in positive territory as tech and mining stocks jumped 2% and 2.38% respectively.

The European Central Bank (ECB) slashed rates again by 25 basis points on Thursday, marking its second reduction to the deposit rate this year, but said it was not "pre-committing" to a future path for rates.

Source : CNBC

 

 

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