Europe stocks hold steady, euro hostage to ECB decision

European shares held steady and the euro hovered near four-month lows against the dollar on Thursday, with the common currency hostage to expectations the European Central Bank will ease monetary policy to support a fragile economic recovery. In anticipation of lower interest rates, some euro zone government bond yields fell. In one of its most keenly awaited decisions in years, the ECB is expected on Thursday to impose negative interest rates. Economists in a Reuters poll forecast the ECB would cut its main refinancing rate to 0.10 percent from 0.25 percent and its overnight deposit rate to -0.10 percent from zero.

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