Europe Stock-Index Futures Decline Before ECB Policy Assessment

Europe’s index futures fell before the region’s central bank gives its policy update.

Contracts on the Euro Stoxx 50 Index expiring in December lost 0.5 percent to 3,250 at 7:10 a.m. in London.

European Central Bank policy makers meeting in Malta today will consider a set of mixed domestic economic signals, an uncertain global outlook, and divergent opinions on what’s needed to combat feeble inflation. Economists forecast they’ll keep key interest rates unchanged before ECB President Mario Draghi talks to the press.

The Stoxx Europe 600 Index ended little changed yesterday, after trading in a 12-point range for the past two weeks, just as volatility eased. After concern over slowing global growth took the gauge 2 percentage points away of a bear market, it rebounded 6.9 percent to close 12 percent away from its April record yesterday.

European stock volatility has eased, while the Stoxx 600 started trading in a tight range.

Investors will also watch corporate earnings results. Daimler AG may move after saying third-quarter operating profit jumped as new sport utility vehicles pushed Mercedes-Benz sales to a record. Orange SA may be active after it raised its annual earnings forecast. Roche Holding AG might move as the world’s biggest maker of cancer drugs reported an increase in third-quarter revenue and increased it sales-growth outlook.

Source: Bloomberg

MARKET