Europe opens mixed with BoE’s rate decision in limelight

Thursday, 04. August 2022 09:02

Major European stock market indexes traded mixed at the open on Thursday with all eyes on the Bank of England, which is set to reveal its decision on key interest rates and further monetary policy later during the day.

On the data front, factory orders in Germany declined for the month of June. The European Union’s economic bulletin is expected to be released sometime after the market open, alongside the report on United Kingdom’s construction PMI.

The DAX added 0.31% at the open, with Zalando up 1.41% at 9:03 am CET. The CAC 40 rose 0.13% at 9:01 am CET, as Credit Agricole jumped 3% simultaneously. The FTSE 100 lost 0.08% at the opening bell, with Mondi pulling the index down by 4.41% at 9:00 am CET. Both the euro and the pound were flat against the dollar at 8:58 am CET, selling for 1.01643 and 1.21451 respectively.

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Author:
Baha Breaking News (BBN) / AY