The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak GDP data.
European markets fell Wednesday after EU economic sentiment data showed declines, raising growth concerns. Shell shares dropped 2.2% following lower LNG and chemicals forecasts.
European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging times.
