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European shares steady ahead of ECB decision; FTSE 100 shines on weaker pound

Published 12/10/2020, 04:15 PM
Updated 12/10/2020, 04:20 PM
©  Reuters
UK100
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STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Dec 10 (Reuters) - European shares were little changed on
Thursday after a meeting between Britain and EU leaders on a
trade deal failed to yield a breakthrough, while a European
Central Bank (ECB) decision due later in the day kept investors
from making big bets.
The pan-European STOXX 600 index .STOXX was flat, while
London's FTSE 100 .FTSE rose 0.5% as the pound resumed its
slide. GBP/ .L
British Prime Minister Boris Johnson and European Commission
President Ursula von der Leyen gave themselves until the end of
the weekend to seal a new trade pact after failing to overcome
persistent rifts at dinner on Wednesday. Around $1 trillion in annual trade, currently free from
tariffs and quotas, is at stake if there is no agreement.
Investors will also be watching for the outcome of a keenly
awaited meeting of the ECB when it is expected to unveil details
of promised fresh stimulus measures. The decision is due at 1245
GMT, followed by a press conference at 1330 GMT.

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