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European markets higher as tech stocks lead gains; investors await Bank of England's rate decision

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European stocks were higher on Thursday, with U.K. investors looking ahead to the Bank of England’s policy rate decision.

LONDON — European stocks were higher on Thursday, with U.K. investors looking ahead to the Bank of England's policy rate decision.rose around 0.4% during early morning deals, with most sectors and major bourses in positive territory. Tech stocks led the gains, up 1%, while food and beverages stocks dipped 0.6%.U.K. traders will be focused on the Bank of England's rate decision Thursday, although the central bank is widely expected to hold rates steady at a 16-year high of 5.

Norway's central bank and the Swiss National Bank are also set to announce monetary policy decisions on Thursday. Norway's Norges Bank is widely expected to keep the policy rate unchanged at 4.5%, while two-thirds of economists polled by Reuters haveFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklytumbled toward the bottom of the index.

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