European indices mixed ahead of ECB meeting@HighLight Investment Research
European indices were mixed today as investors awaited the European Central Bank's decision on interest rates. Traders exercised caution ahead of the ECB's meeting later today, given the threat of global trade tariffs.
Utility stocks were the worst performers in early trade, not only due to the likelihood of higher tariffs on metals but also following the release of data that showed China's iron ore imports declined 16% on month in February.
Among specific stocks, BHP Billiton fell 2.8% while Hugo Boss declined 4.5% after the company said it is cautious on profits for 2018 as it has invested in stores and its website. The company is scheduled to detail its earnings today.
Meanwhile, CAC 40 is up 18 points at 5,205.84, FTSE 100 Index is trading higher by 9 points at 7,166.64, while DAX Index is trading lower by 33 points at 12,212.71.
Utility stocks were the worst performers in early trade, not only due to the likelihood of higher tariffs on metals but also following the release of data that showed China's iron ore imports declined 16% on month in February.
Among specific stocks, BHP Billiton fell 2.8% while Hugo Boss declined 4.5% after the company said it is cautious on profits for 2018 as it has invested in stores and its website. The company is scheduled to detail its earnings today.
Meanwhile, CAC 40 is up 18 points at 5,205.84, FTSE 100 Index is trading higher by 9 points at 7,166.64, while DAX Index is trading lower by 33 points at 12,212.71.
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