Europe stocks set to open mixed as investors monitor earnings and ECB rate decision

  • European traders will digest a busy morning of earnings, with Shell, Airbus, Stellantis, Total and Volkswagen just some of those reporting before the bell.
  • Meanwhile, traders will monitor a rate decision by the ECB and a subsequent press conference with President Christine Lagarde.

LONDON — European stocks are set for a muted open Thursday as investors digest corporate earnings and look ahead to a new rate decision by the European Central Bank.

The U.K.'s FTSE 100 is set to rise by just 3 points to 7,251, Germany's DAX is set to slip 3 points to 15,694 and France's CAC is set to fall 8 points to 6,741, according to IG.

European traders will digest a busy morning of earnings, with Shell, Airbus, Stellantis, Total and Volkswagen just some of those reporting before the bell.

Meanwhile, traders will monitor a rate decision by the ECB and a subsequent press conference with President Christine Lagarde. The market will look for further clues on when the central bank will look to formally taper its asset purchases.

In Asia, shares were lower in Thursday trade as the Bank of Japan announced its decision to hold steady on monetary policy.

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The big economic news in Europe on Wednesday came out of the U.K., as Finance Minister Rishi Sunak delivered his budget statement in the afternoon.

The half-yearly update on the country's public finances included multi-billion pound spending on health care and transport, as well as a rise in the national living wage.

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– CNBC's Eustance Huang contributed to this report.

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