European Markets Open Higher Ahead of BoE Decision

European markets showed a positive trend on Thursday, with investors keenly awaiting the Bank of England's monetary policy decision. Expectations are high for a 0.25 percentage point rate cut, aimed at alleviating pressure from ongoing trade concerns. This optimism is further bolstered by fresh economic data from Germany and recent signals from the US Federal Reserve.

Market Performance Highlights

At 9:00 am CET, notable gains were observed across major indices: the DAX advanced by 0.64%, the EURO STOXX 50 gained 0.52%, the French CAC 40 increased by 0.30%, and the UK's FTSE 100 climbed 0.28%.

Currency Movements

The euro saw a slight decline against the US dollar, trading 0.14% lower at $1.12843 by 8:58 am CET. Meanwhile, the pound remained stable against the greenback, trading at $1.32854.

More updates to follow...