European stock market rises Emergency interest rate cut by UK bank on March 11 20:39
European stock markets, which commenced trading on the evening of Japan time on the 11th, are gaining share prices after the British Central Bank, the Bank of England, has urgently cut interest rates.
Share prices are rising on the European stock market on Thursday, favoring the Bank of England's announcement that it would cut its policy rate by 0.5% shortly before trading began.
In the London market, the stock index was up about 1.1% at 6.30 pm Japan time compared to the previous day's closing price.
The prices in Frankfurt and Paris in Germany and Milan in Italy are all up about 2%.
Market officials said, "Once the Bank of England has demonstrated its willingness to do everything it can to support the economy, the market is once more reassuring. However, the impact of the new coronavirus on the economy will continue to increase. It's unclear if it will be effective enough to appear. "