European equities keep to two-year maximums before BoE decision

European equities keep to two-year maximums before BoE decision

On Thursday, European stocks kept to two-year maximums, with trading muted as market participants battened down the hatches ahead of the BoE’s policy gathering.

The STOXX 600 stabilized near two-year maximums, with German, British and French equities also broadly intact as market participants waited for the BOE's 1200 GMT verdict.

Britain’s major financial institution is believed to have interest rates raised for the first time since 2007. If it decides to leave rates intact it might bring disruptive consequences, as financial experts state.

However, the calm was confounded by gambling technology company Playtech, whose stocks went down 21% after warning on revenue because of a slowdown in parts of Asia as well as issues with a bingo contract.

Firm outcomes from oil services firm Tenaris gave the stock +6% and assisted Italy's benchmark FTMIB to outclass rivals, letting it gain 0.4%.

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