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European shares rebound on tech boost; FTSE slips on BoE inflation warning
Friday, 8 November 2024 00:59 WIB | MARKET UPDATE |Indeks Stoxx Europe 600Saham Eropa

European stocks regained ground on Thursday, boosted by technology and resources shares, while Britain's FTSE 100 dipped after the Bank of England cut interest rates but projected higher inflation following the new government's first budget.

The pan-European STOXX 600 closed 0.7% higher, powered by a 2.2% bounce in the tech sector recouping losses from the previous session. Autos also added 2.2% after a more than 2% decline on Wednesday.

Investors will now shift their focus to the U.S. Federal Reserve's interest rate decision at 1900 GMT.

Europe's STOXX 600 gained as much as 1.9% in the previous session, tracking a surge on Wall Street after Donald Trump recaptured the U.S. presidency, although the index closed lower as investors assessed the likelihood of tariffs.

Source: Reuters

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