European stocks open higher, tech and mining stocks push up as investors expect ECB to cut interest rates

European stocks opened higher, boosted by upbeat tech and mining stocks, as investors bet the European Central Bank will cut interest rates by 0.25% at its policy meeting later today.

September 12, 2567, Reuters reported that European stocks opened higher today, boosted by upbeat tech and mining stocks. As investors await the European Central Bank (ECB)'s interest rate decision later today, the ECB is expected to cut rates by 0.25%.

STOXX 600 Index The market opened at 510.70 points, an increase of 2.68 points or +0.53%.

DAX German stock market index The market opened at 18,533.41 points, an increase of 203.14 points or +1.11%.

CAC-40 French stock market index The market opened at 7,478.91 points, an increase of 82.08 points or +1.11%.

All sectors were positive, led by technology stocks, which rose 2.6%, while mining stocks jumped 2.5% and basic resources stocks rose 2%.

Spanish inflation fell 2.4% in August year-on-year, in line with eurozone inflation, while Swedish inflation fell 0.5% in August, more than the market had expected.

Investors are now focused on a speech by ECB President Christine Lagarde, due at 14.45:19.45 (XNUMX:XNUMX GMT), to gauge whether further interest rate hikes will be made in October and December.

refer : reuters.com

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