European stocks ended the sessions slightly lower, as investors traded with caution approaching ahead of a busy Thursday session that is expected to rattle the financial markets.
The Stoxx Europe 600 index was in the bear as it closed the market with a 0.1% decrease, a 389.18 after it was seen trading as high as 391.81 earlier in the session. Taking the pan-European benchmark into its third straight session in negative territory.
Richard Perry, the market analyst at Hantec Markets stated the market will face the ECB monetary policy meeting. Market analyst at Hantec Markets added in a note that, though the UK elections will not start to impact markets until Thursday night, the potential volatility will be huge and traders seem unwilling to take a view with the opinion polls giving such a wide range of views.
The Stoxx 600 and other major regional indexes climbed in the session and was even hitting session highs in the afternoon because of the sudden drop in the Euro threatened to take the shared currency below $1.12 for the first time since May 31, this was according to FactSet Data.
A weaker euro can help in the shares of European exporters, as it makes products cheaper for overseas clients to buy. The export-heavy German DAX 30, even with the Euro performing weaker, stayed trading in negative positions with its shares trading at 12,672.49, a 0.1%. France’s CAC 40 also slipped 0.1% to 5,265.53.