No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
Market latest
FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ
9100.77 |
63.54 (0.69%)
21938.10 |
12.22 (0.06%)
43968.64 |
224.48 (0.51%)
21242.70 |
73.27 (0.35%)
7709.32 |
74.29 (0.97%)
NaN |
0.00 (0.00%)
Prices delayed by at least 15 minutes
(Sharecast News) - European shares made a strong start on Thursday as investors largely ignored the start of higher US tariffs on a large number of its trading partners and eyed a rate decision from the Bank of England.
The pan-European STOXX 600 index rose 0.54% as of 0936 BST with most major regional bourses trading in the green. Britain's FTSE 100 was down 0.28%.
"The Bank of England is jostling with US tariffs to steal the limelight on Thursday. US tariff rates came into force at midnight, and the average US tariff rate is now over 15%, the highest level for a century. This is the backdrop to today's Bank of England meeting, where the market is convinced that the BOE will cut rates to the lowest level in two years," said XTB research director Kathleen Brooks.
The BoE is expected to announce a quarter-point interest rate cut at its meeting later in the day.
In equities news, Maersk gained as the shipping group lifted its full-year earnings outlook on global demand for ocean container freight.
Rheinmetall fell sharply after the German weapons maker missed second-quarter sales expectations partially due to a delay in domestic defence contracts being awarded.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.