November 23, 2023Business Desk

European shares edge higher ahead of ECB policy meet

European shares slightly increased at the opening, with the pan-European STOXX 600 up 0.2 per cent by 0833 GMT.

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Investors are awaiting the release of the European Central Bank's (ECB) October meeting minutes and the euro zone's PMI data to gain insights into the region's monetary policy path.

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The focus is on cues regarding the ECB's interest rate trajectory, with attention to comments from ECB Governing Council member Joachim Nagel.

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Stock highlights include a 2.4 per cent fall in Endesa shares due to a cut in its 2023 profit outlook, and a 0.7 per cent slip in Virgin Money UK's shares after lower annual profit.

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