European shares dip ahead of ECB policy decision; BP shines
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 2, 2024. REUTERS/Staff - European shares opened lower on Tuesday, with investors stepping to the sidelines ahead of this week's U.S. inflation data and a European Central Bank monetary policy decision, while gains in British energy giant BP (NYSE:index was down 0.2%, as of 0716 GMT, after notching its strongest session in more than two weeks on Monday.
Traders kept away from big bets ahead of the key U.S. print on Wednesday and the ECB's decision on Thursday that could determine the outlook for interest rate cuts. Among major movers, shares of BP rose 1% after the company forecast its first-quarter oil and gas output as well as low-emission energy to increase quarter-on-quarter.Shares of Atos dropped 2% in a volatile trade after the struggling French IT consulting firm posted an update on its financial restructuring plan.
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