European markets close 1.4% higher as European Central Bank and Bank of England hike interest rates
Publishing timestamp: 2023-02-02 11:52:35
Summary
European markets closed higher Thursday as investors digested interest rate hikes by European central banks and latest move by U.S. Federal Reserve. Bank of England and European Central Bank both announced 50 basis point rate hikes, while U.S. Federal Reserve raised its benchmark interest rate by a quarter percentage point. Companies such as Ferrari, Deutsche Bank, JPMorgan, Telecom Italia, ING, Shell, BT Group, Banco Santander, ABB, Julius Baer, and Roche reported better-than-expected earnings. U.K.'s FTSE 100 index is expected to open higher Thursday as markets react positively to U.S. Federal Reserve's rate hike.
Sentiment: POSITIVE
Tickers: .FTSE, 0H7D-GB, .GDAXI, .FTMIB, ELUX.B-SE, .FCHI, .STOXX, RACE, TIT-IT,
Keywords: business news, breaking news: europe, stoxx 600,