European shares climb ahead of ECB policy minutes

European shares edged up at the opening today amid anticipation over the European Central Bank’s October meeting minutes and the Eurozone’s Purchasing Managers’ Index (PMI) data.

The pan-European STOXX 600 was up by 0.2% by 0833 GMT, building on gains from the previous session where it achieved a two-month high, shared a Reuters report.

Investors are closely monitoring the ECB’s release of the October policy meeting minutes for insights into the central bank’s future interest rate decisions. 

Additionally, attention is focused on the upcoming PMI data, scheduled for 0900 GMT, providing crucial insights into the region’s economic health.

In the stock market, Endesa faced a 2.4% decline after the Spanish utility revised its 2023 profit outlook downward. 

Virgin Money UK also experienced a 0.7% dip, reporting an annual profit below market estimates. 

© 2023 funds europe

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