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European shares set three-month high, ECB in limelight

Timing of the ECB meeting is crucial for the market as heightened political uncertainty has been making investors jittery

Reuters  |  London 

European shares climbed to a three-month high on Thursday, with investors betting that the European Central Bank will extend its asset purchases after a policy meeting later in the day. The central bank, which aims to boost stubbornly weak price growth, will announce its main policy decisions at 1245 GMT, followed by ECB President Mario Draghi's news conference at 1330 GMT. The timing of the ECB meeting is crucial for the market as heightened political uncertainty in the region has been making investors jittery. Italian Prime Minister Matteo Renzi's resignation following ...

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First Published: Thu, December 08 2016. 15:27 IST
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