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Euro zone bonds, stocks, currency steady after ECB keeps rates unchanged

ReutersOct 30, 2025 1:28 PM
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- European stocks, government bonds and the euro held steady on Thursday after the European Central Bank kept its key deposit rate unchanged at 2%, as expected.

The euro EUR= was last down 0.4% against the dollar at $1.1554, broadly in line with where it was trading before the decision. The dollar had risen against most major currencies on Thursday after Federal Reserve Chair Jerome Powell introduced some uncertainty over a December rate cut, given the absence of economic data.

Germany's 10-year bond yield DE10YT=RR, the benchmark for the euro zone, was last up 4 basis points at 2.657%.

The policy-sensitive two-year yield DE2YT=RR was up 3 bps at 2.009%. Bond yields move inversely with prices.

The pan-European STOXX 600 .STOXX index was down 0.6%. An index of euro zone banks .SX7E was lower by 0.8%.

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