Jack Taylor | Getty Images News | Getty ImagesLONDON — European stocks are heading for a cautiously higher open Friday as investors monitor a slew of central bank decisions and data releases.
The pan-European Stoxx 600 index is on course for a weekly gain of more than 1.5%, its best performance since early May.
Attention this week turned to central bank action, as the Swiss National Bank announced it would cut interest rates by 0.25 percentage points to 1.25%.
The SNB became the first major central bank to cut rates during this cycle back in March.
The Bank of England meanwhile kept interest rates unchanged at a 16-year high of 5.25%.
Persons:
Jack Taylor
Organizations:
Getty, Equity, European Union Parliament, Reuters, Swiss National Bank, Bank of England
Locations:
Godalming, United Kingdom, France