European markets opened higher Thursday, with investors in the region keeping an eye on the latest monetary policy decisions from the Bank of England, Norges Bank and the Swiss National Bank.hit a record high in early deals, climbing 0.9% before gains cooled slightly. Virtually all sectors were trading in the green, with mining stocks up 2% while health care fell 0.1%.its main policy rate by 0.25 percentage points to 1.
In a statement Thursday, it said monetary policy was having a tightening effect and price inflation was slowing, but that high wage growth and the depreciation of its currency through 2023 would keep inflation"elevated ahead."The SNB surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the foreseeable future.
A new class of highly effective weight loss medications could deal a blow to several major Swiss food companies while benefiting others, according to Vontobel.
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