collected by :Tod Hinery
MILAN/LONDON (Reuters) – European shares fell on Thursday as remarks from ECB chief Mario Draghi saved the euro running, sending the currency to new three-year highs against the dollar.
The euro region STOXX .STOXXE index fell 0.4 % after hitting a one-week low, after the single currency spiked higher next remarks from Draghi that told the ECB did’nt aim foreign interchange rates.
A powerful euro typically injuries Eu exporters whose products become less competitive against rivals producing in a weaker currency.
“Broadly speaking this wasn’t an overtly dovish (press conference) – he can have done further to talk the euro down.
Nordic bank Nordea (NDA.ST) gave a disappointing upgrade by 4th quarter operating profit below market expectations & fell 4.2 percent.
European shares dip as focus turns to Eu Central Bank amid hight euro
LONDON, Jan 25 (Reuters) – Eu shares unlocked in negative district on Thursday as Businessmen wait to see the method the ECB going to react to a fast-rising euro & a faltering dollar.
“We guess (ECB head) Draghi to still to strike a dovish tone at Thursday’s ECB meeting”, told BNP Paribas analysts, adding which any decline in the popular currency would be “moderate”.
Nordic bank Nordea gave a disappointing upgrade with 4th quarter operating profit below market expectations & fell 2.5 percent.
British lender lock Brothers Group gave a different footage — seeing a height in first-half profit, driven with Dominance in banking & asset management & higher trading revenue from market producer Winterflood.
The shares saw a best performance for the STOXX 600 with a earn lock to six percent.