TELETRADER News
11/7/2019, 5:30 PM (Source: TeleTrader)
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Europe closes higher after BoE holds rates, trade progress

European markets closed with gains on Thursday after the Bank of England decided to hold rates steady. Although policymakers were expected to keep rates unchanged, two members of the Monetary Policy Committee voted to cut rates.

Meanwhile, trade optimism boosted stocks as China and the United States agreed to cancel existing tariffs on each other's goods.

The DAX jumped 0.83% at the end of trading with Lufthansa leading the gains. The CAC 40 added 0.31% as ArcelorMittal surged over 6% to the top of the chart. The FTSE 100 rose 0.13%; Persimmon jumped 3.56%.

The euro fell 0.22% against the dollar at 5:40 pm CET, buying 1.10442, while the pound dipped 0.27% versus the US currency, changing hands for 1.28221.

Baha Breaking News (BBN) / JC