European stock futures slide ahead of ECB meeting

The ECB is expected to slow its bond buying via its Pandemic Emergency Purchase Programme (PEPP), according to a Reuters poll, but also reassure markets that this is not the start of a gradual exit from easy policy. Asian shares dropped more than a percent, with Chinese gaming stocks coming under pressure from fresh regulatory scrutiny, while data showed China's factory gate inflation hit a 13-year high in August.


Reuters | Updated: 09-09-2021 12:00 IST | Created: 09-09-2021 11:44 IST
European stock futures slide ahead of ECB meeting
Representative Image Image Credit: Twitter (@ecb)

European stock futures slid on Thursday, tracking Asian shares lower on concerns of slowing global growth, while expectations were running high for the European Central Bank to announce a timeline to slow down bond purchases later in the day.

Futures tracking Europe's top 50 firms were down 0.6% by 0605 GMT. Among regional markets, UK's FTSE futures led the declines with a 0.8% drop and German DAX futures lost 0.5%. The ECB is expected to slow its bond-buying via its Pandemic Emergency Purchase Programme (PEPP), according to a Reuters poll, but also reassure markets that this is not the start of a gradual exit from easy policy.

Asian shares dropped more than a percent, with Chinese gaming stocks coming under pressure from fresh regulatory scrutiny, while data showed China's factory-gate inflation hit a 13-year high in August.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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