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Weak European Economic Data Points to Action From ECB on Rates

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Weak European Economic Data Points to Action From ECB on Rates

Weak European Economic Data Points to Action From ECB on Rates
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Weak European Economic Data Points to Action From ECB on Rates

by TheStreet.com Videos 1:54 mins

European stocks edge lower on Tuesday after mixed day of trading in Asia as euro-zone economic news confirms a picture of subdued growth. The euro-zone inflation rate slows to 0.5% while the unemployment rate falls only marginally, fueling expectations of monetary stimuli from ECB rate setters at their Thursday meeting. In Paris Eutelsat Communications falls as Abertis sells a 5% stake, while hospitals operator Generale de Sante SA rises on bid hopes. And in London plumbing and heating equipment supplier Wolseley finds favor after posting strong third-quarter revenue and profit growth.

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