European stocks edge up before BOE releases rate decision
On Thursday, shares across Europe pushed higher, looking for a fifth revenue for six trading sessions, ahead of the BoE’s decision, which could take Britain’s interest rate to a record minimum as the country moves toward its exit from the EU.
The Stoxx Europe 600 soared 1%, hitting 339.19, with revenues in all sectors. Financials, basic materials as well as technology stocks appeared to be the best performers, as FactSet states.
As for individual gainers, UniCredit SpA stocks gained 5.6% after Italy’s number one lender told it’s considering a capital surge to meet European Central Bank requirements, as recent asset sales might not be enough to satisfy the major bank.
The known highlight of the trading session is going to be the policy decision from the BoE, led by Mark Carney. It’s going to be the first since last month Great Britain voted to leave the European Union.
London-listed blue-chips went up before the rate decision, thus pushing the FTSE 100 up 0.8%, hitting 6,724.27.