Europe's STOXX 600 index on Thursday resumed its march higher after a dip in the previous session, with investors awaiting more economic data and minutes of the European Central Bank's September meeting for clues on the pace and path of rate hikes.
As of last close, the region-wide index is up 2.85% for the newly commenced quarter — compared with previous quarter's sharp selloff — due to expectations of less-severe policies by central banks amid mixed set of data from the United States and Europe.All eyes are now on Euro zone construction activity for September, retail sales data for August, and accounts from the ECB's September meeting — all due later in the day.
"It was surprising to see that the decision was unanimous, therefore markets will want to understand why the doves of the Governing Council supported the bold rate move despite having publicly argued against large hikes at a time of exceptionally high uncertainty," UniCredit strategists wrote in a note.
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