# European stocks recoup losses after ECB hikes rate as expected | Reuters

> European stocks closed nearly flat on Thursday after recovering from session lows. The ECB had raised rates by 75 basis points and signalled a slower pace of hikes ahead.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/39365-european-stocks-recoup-losses-after-ecb-hikes-rate-as-expected-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Equity moves in Europe have little direct effect on feed commodity prices. The signal of slower hikes could ease pressure on the euro.

## Sources

- reuters.com: https://www.reuters.com/markets/europe/european-stocks-slip-ahead-ecb-decision-credit-suisse-drops-turnaround-plans-2022-10-27/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.