Hesse, Frankfurt am Main, February 23, 2024: The lights of the Frankfurt am Main bank skyline shine in the final light. Photo: Boris Roessler/dpa (Photo by Boris Roessler/Photo Alliance via Getty Images)
Boris Roessler | Image Alliance | Getty Images
European markets closed slightly lower on Thursday, maintaining gains for much of the day after the European Central Bank said it kept interest rates unchanged.
Pan-European Stoke 600 The index fell 0.16%, closing down for the fourth consecutive day, with technology stocks dragging the index down 1.8%.
The industry appears to be drawing inspiration from the United States, Nasdaq Index Investors continue to fall Stay away from artificial intelligence stocks Enter a broader market.
Automobile stocks led European stock markets higher, rising 1.23%. shares Volvo Cars The company’s share price rose 11% Reports record core operating profit in season two.
this European Central Bank decides to keep interest rates unchanged After the interest rate cut was implemented in June, the market generally expected it. In a statement, the ECB’s Governing Council noted that domestic price pressures “remain high” and said headline inflation is likely to remain above the target rate “well into next year.”
The Asia-Pacific market plunged overnight due to negative news about the chip industry, among which the Japanese chip industry Nikkei 225 Index dropped by more than 2%.
Companies including Novartis, Volvo, Ubisoft and Nokia reported earnings on Thursday.
