European stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
The pan-European Stoxx 600 ended Thursday at 524.75 points — just above its previous record close on May 15, according to LSEG data.
It comes after the European Central Bank cut interest rates for the first time since 2019 on Thursday, in a widely expected move, despite nagging inflationary concerns. Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023.LONDON —
It comes after the European Central Bank cut interest rates for the first time since 2019 on Thursday, in a widely expected move, despiteis the only major market that looks set to open in the green, with IG data indicating a 10-point rise.Thursday was also a big day for politics in the region, as Europe-wide elections got underway. Exit polls from the Netherlands indicate a narrow win by left-wing parties in the country, with eight seats for the Labour/Green Left combination.
Closely behind was Geert Wilders' anti-immigration party, which looks set to have won seven seats. It marks a stark turnaround for the PVV, which, although itAround 400 million people across the European Union will vote for members of the European Parliament over the next few days. The last polls close on Sunday, with provisional results due later that evening.
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