Europe’s main stock index rose above 500 points for the first time in history. Company shares rose amid the ECB’s decision to maintain the key interest rate. It took 24 years for the Stoxx 600 index to rise from 400 to 500 points.
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The main European stock index exceeded 500 points for the first time in history. According to the current data at the time of this publication, the Stoxx 600 is at the level of 503.1 points, according to trading data.
The Stoxx 600 reached a level of 400 points in 2000. Thus, it took 24 years for the index to rise from 400 to 500 points.
Shares of European companies rose amid the ECB’s decision to maintain the official interest rate and investors’ optimism about its further reduction.
The ECB, in its new quarterly forecast, reported an expected inflation rate of 2.3% in 2024. For 2025, the regulator lowered the inflation forecast to 2%.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
