Europe closes higher with BoE, economy in focus - Breaking The News
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Europe closes higher with BoE, economy in focus

EPA-EFE/FACUNDO ARRIZABALAGA

Major stock market indexes in Europe closed higher on Thursday after the Bank of England (BoE) responded to market expectations and left its interest rates at the same level. Meanwhile, the European Central Bank (ECB) reaffirmed its readiness to take inflation back to the target of 2%. Additionally, Germany reported an annual decline in its producer prices.

The DAX closed 0.97% or 174 points higher as Sartorius AG soared by 4.58%. The FTSE 100 advanced by 0.79%, with JD Sports Fashion PLC jumping by 5.09%. The CAC 40 increased by 1.37% or 104 points as Capgemini SE garnered 3.38%. The Eurostoxx 50 went up by 1.22%, with Adidas AG rising by 2.84%.

The euro lost 0.26% to the dollar at 5:29 pm CET to sell for $1.07160. At that minute, the pound sterling dropped by 0.35% against the United States currency to change hands for $1.26760.

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