Europe looks at a mixed open on Thursday

The financial markets in Europe are eying a mixed open this morning. Investors are looking towards a monetary decision from the Bank of England (BOE) and another round of corporate earnings.

As of 7:00 am London time, futures on the London exchange are 14 points lower. Futures in Germany are down five points and future in France are up by nearly six points.

On the corporate earnings front in Europe a number of major companies are reporting quarterly results. Some of these companies are: Credit Agricole, Telefonica, Maersk Group and BT.

In economic news, central bank governors and finance ministers from the Group of 7 (G-7) will meet in the Italian city of Bari. They are focusing on inequality, tax laws, cybersecurity and preventing the funding of terrorism. Countries like Japan, Canada and the Eurozone are hoping the meeting will shed some light on US President Donald Trump’s direction of key economic and foreign policies.

Europe waits on Today’s Bank of England Decision

The main attraction on the economic calendar for Europe is the monetary policy decision from the Bank of England. The BOE will also publish its latest economic forecasts. Economists and the markets do not expect the Bank of England to change rates or policy today, even though inflation numbers point to an economy that is slowing down.

In other economic news, the European Commission will be publishing their spring economic forecasts for gross domestic product, inflation, employment and public finances later in the morning.