Major stock indexes in Europe closed mostly lower on Thursday after the European Central Bank (ECB) unanimously decided to reduce its key interest rates by another 25 basis points earlier today, marking the seventh rate cut in a year. Investors also digested recent reports on the producer prices in Germany, which decreased in March, and on Switzerland's trade surplus that reached 13.7 billion Swiss francs in the first quarter of 2025.
The DAX declined by 0.49% at the closing bell, with Fresenius Medical Care tumbled by 5.78%, while the FTSE 100 was flat. At the same time, the CAC 40 slipped by 0.60%, and the Euro Stoxx 50 dropped by 0.63%, with Hermes International falling by 3.22% on both indexes.
The euro lost 0.22% against the dollar at 5:32 pm CET and sold for $1.13760. Meanwhile, the British pound was up by 0.11% compared to the dollar at 5:33 pm CET, selling for $1.32568.
