Europe: Stock markets steady in early deals
[LONDON] Europe's main stocks markets steadied in initial trading on Thursday, as investors in London looked ahead to a monetary policy announcement from the Bank of England.
Shortly after the open, London's benchmark FTSE 100 index was flat at 6,673.28 points.
In the eurozone, Frankfurt's DAX 30 index was virtually unchanged at 10,377.29 points and the Paris CAC edged up 0.1 per cent to 4,373.92 compared with the close on Wednesday.
The Bank of England will at 1100 GMT publish the outcome of its latest monthly policy meeting, with markets widely expecting the BoE to sit tight after last month cutting its key interest rate to a record-low 0.25 per cent to protect the economy from potential Brexit fallout.
Ahead of the update, traders were awaiting official UK retail sales data.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard