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6/20, 5:31 PM (Source: TeleTrader)
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Europe ends higher after BoE holds interest rates

European markets closed in the green on Thursday after the Bank of England decided to keep interest rates unchanged and warned a no-deal Brexit has become more likely. Investors also digested the US Federal Reserve's decision to hold interest rates, as well as hints it could cut rates in the future. Elsewhere, the race for the next Tory leader and United Kingdom prime minister is continuing with the final two candidates set to be decided later today. Boris Johnson remains the favorite for the position and will be joined in the final round of voting by either Michael Gove or Jeremy Hunt.

The FTSE 100 added 0.28%. Fresnillo led the gains as its shares surged 5.54%.

The DAX ended the session 0.38% higher with Infineon jumping 3.64%.

The CAC 40 rose 0.31%. The best performer was TechnipFMC, whose stock gained 3.35%.

The euro was up 0.44% against the dollar, going for 1.1276 at 5:36 pm CET.

Breaking the News / NP