Stocks across Europe swayed between small gains and losses early Thursday as investors awaited a monetary-policy decision from the European Central Bank. ECB policy makers will keep their main refinancing rate at a record 0.25% today, according to economists.
The Stoxx Europe 600 was flat at 336.91 following seven consecutive sessions of advances.
Germany’s DAX 30 fell about 1 point, France’s CAC 40 shed less than 1 point and FTSE 100 picked up pace, rising 0.3%.
Data released showed Eurozone Services PMI dropped to 52.2 points in March, from 52.6 points in February. Analysts expected slightly less decline to 52.4. PMI Composite fell to 53.1 points in March, from 53.3 recorded the previous month and below market consensus of 53.2.
German PMI Services decreased to 53 points in March, from 55.9 points in February. The result is a notch below market consensus of 54 points.
March UK Markit/CIPS services PMI came out worse than expected at 57.6 vs 58.1, and 58.2 previously.
Among index heavyweights, shares of Deutsche Bank AG fell 1.6% following a ratings downgrade to overweight from neutral by J.P. Morgan Cazenove.
U.K.’s advancers include Tullow Oil PLC, Aberdeen Asset Management PLC and Kingfisher PLC. Kingfisher shares rose 2.1% as the home-improvement retailer said it’s in talks to buy Mr Bricolage, a move that would stretch its presence in the French market.
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