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  • 🇿🇦 ABSA Manufacturing PMI (FEB) Actual: 53 Previous: 50.9
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Equities Tread Water Ahead of ECB Rate Decision Tomorrow

Equities Tread Water Ahead of ECB Rate Decision Tomorrow

Katie Pilbeam,

European markets are mixed this Wednesday as there is little news to drive the bourses as investors look towards to ECB’s press conference on Thursday. Read Senior Currency Strategist Christopher Vecchio's preview for the ECB meeting here.

Reckitt Benckiser is one of the biggest gainers after selling its food business to America’s McCormick & Co - which owns Schwartz herbs and spices in a deal worth £3.2bn. The food section of Reckitt Benckiser is most famous for its French mustard!

Europe’s construction sector dropped a little in May but the figure was still 2.6% higher than a year ago but shrank by 0.7%, compared to May, due to a 0.9% decline in civil engineering and a 0.7% drop in building construction by 0.6%.

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--- Written by Katie Pilbeam, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.