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02.07.2014 11:01

European stock markets mid session: most stocks traded higher ahead of the ECB’s interest rate decision on Thursday

Most stock indices traded higher ahead of the ECB's interest rate decision on Thursday. The European Central Bank cut its interest rate to 0.15% from 0.25% in June.

Eurozone's gross domestic product increased 0.2% in the first quarter, in line with expectations, after a 0.2% gain the previous month. On a yearly basis, Eurozone's gross domestic product climbed 0.9% in the first quarter, in line with expectations, after a 0.9% rise the previous month.

The producer price index in the Eurozone declined 0.1% in May, missing expectations for a 0.1% gain, after a 0.1% decrease in April. On a yearly basis, Eurozone's producer price index fell 1.0% in May, in line with expectations, after a 1.2% decline in April.

The U.K. construction purchasing managers' index surged to 62.6 in June from 60.0 in May. Analysts had expected the index to fall to 59.7.

Current figures:

Name Price Change Change %

FTSE 100 6,823.11 +20.19 +0.30%

DAX 9,918.05 +15.64 +0.16%

CAC 40 4,459.48 -1.64 -0.04%

02.07.2014 11:45

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  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
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