EMEA Morning Briefing : Stocks to Open Lower, Investors Eye ECB Review
07/08/2021 | 12:19am EDT
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Germany Foreign Trade; OECD Harmonised Unemployment Rate; ECB accounts of its last monetary policy discussions; updates from OMV, Fuller Smith & Turner, SAS, Persimmon, Rolls-Royce Holdings, Entain, and Meggitt.
Opening Call:
Equities:
European stocks are set to open lower Thursday as investors continue to digest the U.S. Federal Reserve's June meeting minutes and look ahead to the upcoming European Central Bank strategy review.
The EBC heavily anticipated strategy review is on the agenda today.
"The ECB will unveil its new framework that is expected to show a slight change on how it defines price stability and a more aggressive approach to supporting the economy during the next crisis. The ECB will tweak its inflation target to 2% from below, but close to 2%," said Edward Moya at OANDA.