Miners do heavy lifting as STOXX rises ahead of BOE
STOXX 600 up 0.9%
Fed cuts by 50 bps, eyes on BoE
Ocado top index after results
Miners surge 3%, utilities down
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MINERS DO HEAVY LIFTING AS STOXX RISES AHEAD OF BOE
The STOXX 600 .STOXX is up 1% as markets digest the first rate cut in four years from the U.S's Federal Reserve and gear up for the Bank of England's policy decision due in a few hours.
Basic resources .SXPP are the best off sector, up 3% as miners enjoy a lift, among them Anglo American .AA.L, up 4%.
Meanwhile telecoms .SXKP are falling 0.6%, dragged lower by Deutsche Telekom .DTEGn.DE shares which are down 2.7%. Utilities .SX6P are also off 0.6%.
Europe's top mover is Ocado OCDO.l, up as much as 15% in early trade after some well received results and upping guidance for Ocado Retail.
Davide Campari CPRI.MI shares are up 5.4%, boosted by news that controlling investor Lagfin will buy more shares in the company following the surprise resignation of CEO Matteo Fantacchiotti after just five months at the spirits maker.
Payments companies Worldline WLN.PA and Adyen ADYEN.AS are near the top of the index, both rising 4.4%.
Poland's Allegro .ALEP.WA is at the bottom, down 7.3%, after the e-commerce platform said it expects domestic earnings growth to ease in Q3.
(Lucy Raitano)
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FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:
STOXX EYES JUBILANT START AFTER FED'S BUMPER CUT CLICK HERE
UK INFLATION TO KEEP BOE ON CAUTIOUS PATH CLICK HERE
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