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European stocks to extend declines after Bank of England rate cut as global sentiment sours

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Sverige Senaste nytt,Sverige Rubriker

European markets were set to extend losses Friday after the Bank of England narrowly approved an interest rate cut.

LONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close.The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. The vote came in a narrow 5-4 split among policymakers.

More information will be added to that Friday, as the U.S. Bureau of Labor Statistics releases the nonfarm payrolls report, while Europe is quiet on the data front.EU approves Hewlett Packard Enterprise's $14 billion Juniper deal

 

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