European stocks set to open slightly lower amid earnings; Bank of England holds rates

Verified Media
· Reading 796

European stocks were expected to open slightly lower on Thursday morning, as investors monitored a slew of corporate earnings and reacted to the Bank of England’s decision to hold interest rates.

The U.K.’s FTSE 100 was seen off by 36 points at 6,062, France’s CAC index was down more than 10 points at 4,913, while Germany’s DAX was poised to open little changed from the previous session at 12,609, according to IG.


It comes after futures contracts tied to the major U.S. stock indexes closed flat on Wednesday, as investors monitored the ongoing brinkmanship between lawmakers over a new prospective stimulus package.

President Donald Trump’s administration threatened on Wednesday to act on its own to provide coronavirus relief after another day of talks on Capitol Hill failed to result in an agreement.

In Europe, the Bank of England said on Thursday it was keeping benchmark interest rates steady at an all-time low of 0.1%.

The central bank left the size of its bond-buying program unchanged at £745 billion ($981 billion), as the country navigates an emergence from lockdown and ongoing Brexit talks with the European Union.

Market focus is expected to be largely attuned to the Monetary Policy Committee’s outlook for the U.K. economy and how sharply it may slow its bond purchases program.

Incorporate news, Siemens, ING and Mediobanca were among some of the companies set to report their latest quarterly results on Thursday.


Reprinted from, the copyright all reserved by the original author.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

If you like, reward to support.


No older comments, be the first to grab the sofa.

CFD markets involves substantial risk and there is always the potential for loss. Past performance is not indicative of future results. You understand and agree that there are risks associated with the use of online trading services ( COPYTRADE、FOLLOWTRADE、FOLLOWGUARD ), including uncontrollable factors such as hardware breakdown, software fault, or Internet disconnections. FOLLOWME does not held any responsibility for the communication failures, miss-transmissions or delays that occur during online trading.

appstore-download goole-download