Thursday, 17 October 2019
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European stocks close higher after Bank of England holds rates; Delivery Hero up 10%
Thursday, 20 June 2019 23:21 WIB | MARKET UPDATE |Stoxx 600Indeks Stoxx Europe 600SahamEropa

European markets finished higher Thursday as investors reacted to interest rate decisions from the Bank of England and the Federal Reserve.

The pan-European Stoxx 600 closed up 0.5% at 386.16 , having hit its highest since May 6 earlier in the day.

Technology stocks led gains with a 1.6% rise, while travel and leisure stocks were the worst performer, falling 1.1%. Germany's DAX rose 0.4% and hit a nine-month high earlier in the session.

The week's focus on central banks continued Thursday, as the Bank of England held interest rates steady at 0.75% while cutting its growth forecast for Britain's economy to zero in the second quarter of 2019, citing global trade tensions and the growing risk of a damaging no-deal Brexit. Sterling was trading higher against the dollar following the Bank of England's decision, reaching around $1.2682 on Thursday afternoon.

Source : CNBC

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