Economic news

European shares gain ahead of ECB, BoE meetings

European shares gained on Thursday in thin trading ahead European Central Bank and Bank of England decisions, while trade-sensitive auto and mining sectors surged after the U.S. offered China a new chance to hold trade talks.

Photo: Reuters

The pan-European STOXX 600 advanced 0.2 percent, with Germany's benchmark DAX index was 0.3 percent higher.

Mining shares jumped 0.9 percent and autos added 0.7 percent, the best-performing sectors, after President Trump administration invited China to new trade negotiations.

Decisions from the ECB and the BoE are in focus, especially the ECB’s plans on asset purchases and the BoE's view on Brexit talks.

Shares of Commerzbank topped the DAX, soaring 2.1 percent, after news Deutsche Bank was considering a move to split its core businesses.

Electrical components supplier Rubis slumped 14 percent after posting weak first-half profit.

German meal delivery firm Delivery Hero fell 4.3 percent following its first-half financial results.


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