European markets saw a mixture of results on Thursday, with positive momentum easing during a busy week of earnings reports. The Stoxx 600 index showed a minimal increase of 0.01% by 12:07 a.m. London time. Sector performance varied, with auto stocks declining by 1.3% while oil and gas stocks saw a modest 0.8% rise.
The Bank of England’s decision to maintain interest rates unchanged was in line with expectations. Although more policymakers were in favor of a rate cut compared to the previous meeting, the number of supporters remained low with just two policymakers voting for a cut. Following this announcement, the U.K.’s FTSE 100 reached a new record high and experienced a 0.47% increase.
Source (CNBC)
