European markets open lower amid earnings; Bank of England to announce rate decision

Thursday, 7 February 2019 15:16 WIB

Stoxx 600Saham EropaStoxx Europe 600


European stocks opened lower Thursday morning, as market participants monitored the latest flurry of corporate results.

The pan-European Stoxx 600 was down around 0.3 percent shortly after the opening bell, with all sectors and major bourses in negative territory.

Market focus is largely attuned to global trade developments, with officials from the world's two largest economies poised to meet for a fresh round of talks next week.

U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade representatives from Washington and Beijing would both aim to reach a deal next week. The talks come with less than three weeks to go before a March 2 deadline could see an increase in U.S. tariffs on Chinese products.

Back in Europe, investors are likely to monitor another batch of earnings. Sweden's Volvo Cars, Denmark's Vestas Wind and France's Societe Generale are among some of the major companies set to release their latest quarterly figures on Thursday.

Meanwhile, the Bank of England is set announce its latest interest rate decision at midday.

Source: CNBC


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