2014.07.0305:55:50UTC+00European shares steady, ECB and US data loom

European shares are steady in the opening trade as investors stay still on the ongoing ECB meeting and the impending US jobs report. Investors all around the market withhold making risky bets as US index futures and Asian shares also made little movements.

The Stoxx Europe 600 inched down to less than 0.1% to 345.65 at 8:12am, London time. The gauge is up 2.3% in the second quarter of the year for its longest rally of advance in the quarterly assessment since 2010. It also hit a six-year high last month.

The FTSEurofirst 300 is up 0.01% in the opening trade on Thursday. UK’s FTSE 100 is currently up 0.;31% or 21.33 pips to 6,837.61. Germany’s DAX and France’s CAC 40 climbed 0.27% or 26.44 pips to 9,937.71 and 0.34% or 15.09 pips 4,460.21.

Official at Meriten Investment Management GmbH, Tobias Britsch commented that it’s hard to expect anything more from the ECB. He said that Draghi has the ability to sustain the markets happiness levels with words and promises that he will act upon if the need arises, but ultimately, the need has not come yet. The people are waiting for the earnings season to arrive as no one is in the “mood to really expose themselves before [today’s event]”