European markets opened mixed on Thursday as investors process a raft of central bank action.
The pan-European Stoxx 600 index was 0.05% lower in early deals, with sectors and major bourses across the region trading diverging. Media and chemicals stocks were both down 0.82% while mining stocks were up 0.5%.
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, analysts say 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.
Source : CNBC
