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European stocks rally before Bank of England call

In the eurozone, Frankfurt's DAX 30 jumped 1.5 percentEurope’s main stock markets rallied on Thursday, with Frankfurt back above 10,000 points for the first time since Britain voted to exit the EU. All eyes were on London after the appointment of a new British finance minister and as traders waited to see if the Bank of England would cut its main interest rate to a new record-low level under 0.50 percent. Around 1030 GMT, London’s benchmark FTSE 100 index was 1.0-percent higher compared with the close on Wednesday.

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