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EUROPEAN SHARES LOOK FOR DIRECTION AHEAD OF BOE, U.S. JOB
DATA (0532 GMT
Futures are pointing to a flat start of the day for European
bourses ahead of the BoE meeting and job data in the U.S.
The Bank of England is expected to keep its huge support for
Britain's economy running, despite a jump in inflation and a
strong recovery from the pandemic slump.
The central bank is also seen starting to lay out plans for
how it will eventually reverse its stimulus.
"While there is little likelihood of a change in policy at
the meeting this week, it will still be noteworthy if there is
dissent on the pace of the bond buying program, and whether the
bank will look at slowing the pace," says Michael Hewson, Chief
Market Analyst at CMC Markets UK.
In the U.S., weekly jobless claims are expected to drop back
to 384k from 400k last week, according to Reuters poll.
(Joice Alves)
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