ECB's Decision Sparks Mixed Reactions in European Markets

European markets showed a mixed response on Thursday following the European Central Bank's (ECB) announcement to keep key interest rates unchanged. Investors are closely monitoring the economic indicators and the ECB's stance amidst global trade disruptions.

Economic Indicators Paint a Varied Picture

While Eurozone business activity reached an 11-month high in July, Germany's PMI showed a slight dip, and consumer sentiment worsened. The UK experienced a slowdown in growth, and Spain's unemployment rate rose to 10.29% in the second quarter.

Market Performance Highlights

The DAX advanced by 0.26%, with Deutsche Bank AG soaring 9.13%. The EURO STOXX 50 gained 0.13%, and the FTSE 100 increased by 0.83%. However, the CAC 40 lost 0.41%, with STMicroelectronics nosediving 16.62%. Currency markets saw the euro trading flat against the US dollar, while the pound lost 0.32%.