European bourses are expected to open on a restrained note on Thursday in the backdrop of the Fed's first rate hike since 2018. While global markets have reacted positively after the hike, caution ahead of the Bank of England's monetary policy review later in the day as well as developments from eastern Europe are expected to soften any wild display of relief over the expected quarter percentage rate hike. The seemingly aggressive tone in the Fed's interest rate forward guidance too is expected to influence investor sentiment in the region's major bourses.
On Wednesday, European markets had rallied post the Fed's rate hike announcement. Germany's DAX gained 3.76 percent, France's CAC 40 moved up 3.68 percent, the pan European Stoxx 600 gained 3.06 percent, Switzerland's SMI strengthened 1.87 percent and U.K.'s FTSE 100 added 1.62 percent.
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