European markets in green ahead of BOE interest rate decision
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London (UKX) +0.15%
Germany (DAX:IND) +0.56%
France (CAC:IND) +0.47%
Euro Area passenger car registrations dropped 3% in May.
The Norges Bank decided to keep its key interest rate steady at 4.5% for a fourth consecutive time.
Producer prices in Poland fell 7% Y/Y in May 2023.
The Swiss franc weakened nearly 0.5% to approach 0.89 per USD after the Swiss National Bank lowered the key interest rate by 25bps for a second consecutive meeting.
The trade surplus in Switzerland widened to CHF4.1B in May 2024
The pan-European Stoxx 600 (STOXX) moved 0.39% higher, on Thursday with most sectors in positive territory. Tech and construction stocks led the gains, while food and beverages stocks dropped. Investors await the BOE interest rate decision, where it is expected to maintain the key bank rate at a sixteen-year high of 5.25%.
Coming up in the session: Bank of England’s interest rate decision expected at 7.00am ET.
In the bond market, the U.S. 10-year yield was up 4 basis points to 4.25%.
Germany’s 10-year yield was up 2 basis points to 2.43%.
U.K.’s 10-year yield was up 3 basis points to 4.10%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)
