UK economy expanded 0.4% in July, above expectations of no monthly growth
UK GDP rose 0.4% in July from June, beating forecasts for no change, as services led gains and annual growth reached 1.6%.
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European shares rise modestly ahead of ECB rate decision
European stocks opened slightly higher on Thursday as markets await the ECB's expected 25 bps rate hike.
10/09/2026 07:515 min read
A look at the opening numbers across Europe shows:
- Eurostoxx +0.1%
- Germany DAX +0.1%
- France CAC 40 +0.2%
- UK FTSE flat
- Spain IBEX +0.6%
- Italy FTSE MIB +0.5%
Stocks across the region are trying to recover slightly after Wednesday's steep decline, led by Spain and Italy with smaller advances in other markets.
However, the bounce is fragile. Brent crude stays above $100, keeping inflation risks prominent. Global bond yields remain high as the week progresses.
All eyes are now on the European Central Bank, anticipated to increase its main rates by 25 basis points later in the day.
- ECB preview: Rate hike anticipated, markets watch Lagarde, inflation, and future policy
- ECB preview: Major banks and analysts' expectations for Lagarde and rates
In the US, futures are steadier, but the movement seems more like a temporary pause. Treasury yields remain near multi-year peaks as traders await US inflation data due Friday and then next week's Federal Reserve meeting.
S&P 500 futures have risen 0.2%, Dow futures are 0.4% higher, while Nasdaq futures are down 0.1%.
The overall mood at the open is cautiously optimistic, appearing as a relief rally after Wednesday's decline rather than a genuine shift to risk appetite. The ECB's decision and especially President Lagarde's comments on additional tightening will decide if this bounce can continue.
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