European markets are set to open mixed on Thursday as investors process a raft of central bank action.
LONDON —
Germany's DAX and France's CAC 40 are seen opening slightly below the flatline, according to IG data, as the U.K.'s FTSE 100 nudges higher. The Bank of England announces its latest monetary policy decision at midday London time. Market pricing slightly favors a 25 basis point interest rate cut from the U.K. central bank, kicking off its path of monetary easing. However,there is more uncertainty surrounding its decision than usual despite inflation holding at 2%, with some voting members still concerned about service sector inflation and wage growth.The BOE's meeting comes in the wake of the U.S.
Investors are still processing Wednesday's surprise move from the Bank of Japan, which raised its benchmark interest rate to around 0.25%, its highest level since 2008, and hinted at more tightening to come. The decision powered the yen to a four-and-a-half month high against the U.S. dollar, asChair Powell gives the September rate cut signal traders were hoping forSign up for our free Olympics Headlines newsletter.
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