Summary of European markets close higher after Bank of England holds rates, Fed cuts
Summary of European markets close higher after Bank of England holds rates, Fed cuts
European markets closed higher on Thursday as investors reacted to the Bank of England's decision to hold interest rates steady and the US Federal Reserve's 50 basis point rate cut. The pan-European Stoxx 600 index provisionally ended the session 1.36% higher, with mining stocks adding 3.16% and retail stocks climbing 1.9%. The Bank of England policy makers voted to hold its key rate steady at 5% in a widely anticipated move, while the US Federal Reserve cut its target range to 4.75% to 5.00%. The decision came a day after the Fed announced a jumbo 50 basis point cut to interest rates.
quoting nevent1q…s3mwEuropean markets close higher after Bank of England holds rates, Fed cuts
European markets closed higher Thursday as investors digested the latest monetary policy decisions from the U.S. Federal Reserve and the Bank of England.
https://www.cnbc.com/2024/09/19/european-markets-stocks-open-to-close-news-data-and-earnings.html
European markets closed higher on Thursday as investors reacted to the Bank of England's decision to hold interest rates steady and the US Federal Reserve's 50 basis point rate cut. The pan-European Stoxx 600 index provisionally ended the session 1.36% higher, with mining stocks adding 3.16% and retail stocks climbing 1.9%. The Bank of England policy makers voted to hold its key rate steady at 5% in a widely anticipated move, while the US Federal Reserve cut its target range to 4.75% to 5.00%. The decision came a day after the Fed announced a jumbo 50 basis point cut to interest rates.