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D-Day for Euro-Zone Interest Rate Setters; Takeover Glee Buoys Smith & Nephew

European stock indices drift lower on Thursday after Asian stocks ended the day mixed before the European Central Bank‘s meeting to set rates. With benchmark rates already at 0.25% policy makers will have to dig deep into their toolbox for monetary solutions to supplement what is expected to be a small cut in that key rate. In London takeover excitement buoys hip replacement maker Smith & Nephew , but a profit warning sends shares in online fashion retailer ASOS into freefall. In Paris spirits maker Remy Cointreau gains after the company pledges to return to growth in the current year.