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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

8 November 2024 00:53  |

Europe markets close higher as Trump win settles in; Fed, BOE decisions in focus

European markets closed higher Thursday as investors continued to digest Donald Trump’s presidential election win and political upheaval in Germany.

The pan-European Stoxx 600 index provisionally closed 0.7% higher, with most sectors in positive territory. Mining stocks led gains, ending up 3.9%, while health care and media stocks both ended the session 0.4% lower.

Monetary policy decisions from the U.S. Federal Reserve and Bank of England were also in focus. The BOE cut interest rates by 25 basis points Thursday. The reduction — the central bank’s second this year — brought the bank’s key rate to 4.75%.

Source: CNBC

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