European stocks go down ahead of ECB decision

On Thursday, European stocks edged down, with travel stocks affected by warnings about the toll terrorist attacks are talking on the industry. Meanwhile, market participants wait to hear from the ECB for the first time since Brexit.  

The Stoxx Europe 600 decreased 0.5%, being worth 329.24 following a flat open and a revenue of as much as 0.3% The benchmark on Wednesday soared 1% for its best close since Brexit in Great Britain, which resulted in the country working toward leaving the EU.

Market participants are going to from the ECB, as it issues its first monetary policy verdict since Great Britain’s referendum. Mario Draghi, ECB President is expected to hold a press conference a bit later today.

The ECB is supposed to leave its monetary policy intact, while the duration of ECB’s quantitative easing program along with the composition of its portfolio are supposed to be the key talking points.

Travel stocks edged down, led by an 8.1% dip in Deutsche Lufthansa  after the German carrier told a series of terrorist attacks have provoked a slump in bookings by passengers.

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