European stocks are expected to open lower on Thursday with the region’s investors geared up for the European Central Bank’s first rate hike in years.
The ECB will publish its monetary policy decision after the meeting of the central bank's governing council. A press conference will follow at 14:45 CEST with ECB President. In June, the central bank said that it intends to raise the key ECB interest rates by 25 basis points at today's meeting.
expected to tender his resignation Thursday after a number of parties in the governing coalition abstained from a vote of confidence that was aimed at renewing and re-uniting the fractious alliance. Draghi won the vote but many senators refused to take part bringing the national unity government to the brink of collapse. Early elections could now take place in September or October.
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