European markets mixed after reaching record high

Published On Feb 7, 2025, 2:15 AM

European markets are experiencing mixed movements as earnings, monetary policy, and U.S. job data captivate attention. The pan-European Stoxx 600 remains unchanged, while the FTSE 100 dips slightly. The Bank of England has cut interest rates by 25 basis points and reduced its growth forecast. Meanwhile, Porsche shares have declined due to anticipated profit margins being lower than targets, alongside restructuring costs. BPER Banca has dropped in value following their takeover bid for Banca Popolare di Sondrio, while Banco Sabadell's shares rose after strong quarterly results and announced a buyback program.