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European Shares Poised For Steady Open Ahead Of BoE Meeting

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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European stocks are likely to open higher on Thursday as focus shifts to the Bank of England's policy meeting later in the day and Friday's U.S. employment report.

The Bank of England is likely to keep its interest rate on hold for a second consecutive meeting as data continues to show moderating price pressures and weakening economic activity.

Across the Atlantic, trading later in the day may be impacted by reaction to reports on initial jobless claims, labor productivity and factory orders ahead of the all-important jobs report for October due on Friday.

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