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Stocks steady as markets bet on hefty Bank of England hike

Mount Equity Group Tokyo Japan > News > Markets > Stocks steady as markets bet on hefty Bank of England hike
  • Market bets on 50bp hike by Bank of England
  • Fed official: 50bp hike in Sept “reasonable”
  • Oil rebounds from six-month low
  • Lufthansa returns to operating profit
  • Credit Agricole sees profits jump

LONDON, Aug 4 (Reuters) – Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi’s visit to Taiwan eased and markets bet the Bank of England will hike interest rates by the largest amount since 1995 to quell inflation.

The STOXX (.STOXX) index of leading European companies gained 0.33% after German airline Lufthansa (LHAG.DE) returned to an operating profit, while French bank Credit Agricole joined the growing roster of better-than-expected earnings at banks. read more

Shares in Hong Kong (.HSI) rose 2%, tracking broader gains in Asia (.MIAP00000PUS), reeling in some of the losses suffered after Sino-U.S. frictions flared over a visit to Taipei this week by House of Representatives Speaker Pelosi,…

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