European Stocks Open Higher Ahead of Bank of England Rate Decision; Oil And Gas Stocks Jump 1.7%
Thursday, 20 June 2019 14:20 WIB | MARKET UPDATE |Stoxx 600SahamEropa

European stocks opened sharply higher Thursday as investors await an interest rate decision from the Bank of England.

The pan-European Stoxx 600 jumped 0.7% after the opening bell, basic resources and oil and gas stocks both rising more than 1.5% in early deals as all sectors traded in positive territory.

The week™s focus on central banks continues Thursday, with the Bank of England due to announce its June policy decision at noon BST. Economists polled by Reuters are expecting a unanimous vote to hold rates at 0.75%, despite two officials recently mooting the need for higher borrowing costs in the near future.

Soiurce : CNBC

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