8/6/2020, 9:03 AM (Source: TeleTrader)
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Europe opens mostly lower as BoE holds rates

Major stock markets in Europe opened mostly lower on Thursday after the Bank of England announced its decision to keep the interest rates at 0.10%. Credit Agricole, Siemens, Lufthansa, ING, Unicredit, AXA and Adidas all published their quarterly earnings reports before the markets opened. Also, Germany's Destatis reported that factory orders jumped 27.9% month on month in June in the country.

The DAX rose by 0.06% at 9:02 am CET, with Covestro AG advancing 0.88% and leading the gains at 9:04 am CET. London's FTSE 100 lost 0.79% at 9:00 am CET as Glencore dropped 3.60% at 9:02 am CET. The CAC declined by 0.30% at 9:00 am CET, with AXA, which fell by 2.05% at 9:03 am CET, as the worst performer.

The euro was 0.08% up compared to the dollar at 9:07 am CET, trading for 1.18720. The British pound increased by 0.30% against the American currency, going for 1.31514 concurrently.

Breaking the News / MS