Stocks steady as markets bet on hefty Bank of England hike

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Reuters UK

By Huw Jones LONDON (Reuters) – Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi’s visit to Taiwan eased and markets bet the Bank of England will hike interest rates by the largest amount since 1995 to quell inflation. The STOXX index of leading European companies gained 0.33% after German airline Lufthansa returned to an operating profit, while French bank Credit Agricole joined the growing roster of better-than-expected earnings at banks. Shares in Hong Kong rose 2%, tracking broader gains in Asia, reeling in some of the losses suffered …

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