European shares inched higher on Friday, pushed up by a rally in media stocks, f...
The pan-European stock benchmark index rose 0.2% by 0825 GMT, recovering from its worst session in three weeks. On the week, the index is expected to rise 0.7%, improving from last week’s marginal gains.
The ECB statement dampened investor hopes that immediate central bank action would fend off any slowdown in the global economy, a sentiment that has led European stock indexes to multi-month highs since a steep fall in May. “Any indication they are not going to be aggressive or they are not going to be immediate seems to be a bit of a disappointment.”
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