Europe Stocks Rebound Ahead Of BOE, ECB Meetings

European stock markets opened higher on Thursday ahead of policy decisions from the European Central Bank and Bank of England.

Stocks were rebounding from heavy losses suffered the prior day, taking a cue from gains in Asia and a higher close for Wall Street, which will be shut for the Independence Day holiday. Unrest in Egpyt, though, was likely to keep investors on edge.

The Stoxx Europe 600 index rose 0.8% to 287.68, with banks and drug stocks leading the gains. The German DAX 30 index rose 0.7% to 7,884.63, while the French CAC 40 index rallied close to 1% to 3,738.69 and the FTSE 100 index also gained around 1% to 6,290.48.

The Portugal PSI 20 index jumped 2% to 5,348.82 and bond yields eased after sharp prior-day losses linked to political instability. Unrest in Egpyt, though, was likely to keep investors on edge.

Source : Marketwatch