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European Shares Seen Opening Higher Ahead Of ECB Meeting

written by Bella Palmer
European Shares

European stocks are likely to open higher on Thursday after the Bank of Japan kept its monetary stimulus intact and sounded more upbeat about the economy, but downgraded its outlook for inflation.

The euro held near a 14-month high against the dollar as investors look to hints from the ECB meeting, due out later in the day.

The Governing Council, led by President Mario Draghi, is widely expected to keep all its three interest rates unchanged for an eleventh consecutive policy session, and retain its asset purchases that are set to run until the end of the year. That said, economists widely expect Draghi to tread very carefully when he speaks in the post-decision press conference.


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