European Shares Extend Slide Ahead Of BoE Rate Decision


European stocks fell for a second consecutive session on Thursday, with a slew of factors such as falling commodity prices, weak U.S. data, a relatively hawkish Fed and a widening probe into Russia’s role in the U.S. election keeping investors nervous ahead of the Bank of England interest-rate decision due later in the day.

Earlier in the day, the Swiss National Bank maintained its expansionary monetary policy and reaffirmed its stance to remain active in the foreign exchange market to prevent the franc from appreciating.

The day’s economic reports proved to be a mixed bag, with French consumer inflation easing as estimated in May, while the euro area trade surplus fell in April from the previous month and U.K. retail sales grew at the slowest rate in four years last month.

The pan-European Stoxx Europe 600 index was down 0.80 percent at 384.48 in late opening deals after declining…



Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *