European stocks traded higher Thursday ahead of a European Central Bank meeting, as investors celebrated an easing in bond yields.
Up six of the last eight sessions, the Stoxx Europe 600 SXXP,
Bond yields TMUBMUSD10Y,
“While we do not expect the central bank to announce new measures, ECB President Christine Lagarde will strike a dovish tone, emphasising the flexibility embedded in its pandemic QE program to front-load asset purchases as needed,” said economists at research service TS Lombard.
Engine maker Rolls-Royce RR,