Market movement
By 0712 GMT, it had risen Stoxx 600 European Index 0.9 percent to 519.15 points with all sectors rising except stocks Communications Which fell 0.6 percent.
It started US central bank Monetary easing cycle yesterday, Wednesday, with a significant reduction that made the price Interest The standard ranges between 4.75 percent and 5 percent.
He said Jerome Powell Chairman of the Federal Reserve Federal The rate cut shows policymakers’ commitment to keeping interest rates low. Unemployment Especially after the decline in inflation.
Investors are now awaiting a decision. Bank of England About prices Interest Due at 1100 GMT, Britain’s FTSE 100 index rose 0.9 percent ahead of the decision.
Shares in Next rose 4.4 percent on Thursday as the British clothing retailer headed for an annual profit of nearly 1 billion pounds ($1.3 billion) after raising its outlook for the second time in two months.
British online grocer Ocado Group rose 12.6% after Ocado Retail raised its 2023-24 outlook following a 15.5% rise in revenue.
IG Group shares fell 2.7 percent as the company’s stock traded ex-dividend.
