European and Asian stocks slid ahead of the ECB meeting

News of the day, Thursday, June 9

European stock markets are expected to decrease today ahead of the European Central Bank meeting, which is supposed to disclose the schedule of soon interest rate hikes in the EU. The DAX futures in Germany decreased by 0.7%, CAC 40 futures in France dropped 0.9%, and FTSE 100 futures in the U.K. slid 0.6%.

Asian stocks fall as well, following the general cautious manner, while the market is anticipating monetary policy tightening moves. The MSCI’s broadest index outside Japan traded 0.75% lower, Australian shares decreased 1.22%, and Korean Kospi fell 0.49%.

Oil prices hold near 13-week highs today after China has shown strong reports in May, even though new lockdowns have limited the gains. Brent crude rode 0.3%, and WTI crude is up 0.2%.

The price of Brent crude is $123.10, WTI — $121.60, GBP/USD — 1.2521, EUR/USD — 1.0712, and gold costs $1851.00 per ounce.