European Market Review

European stocks markets rallied today, after the U.S. Federal Reserve reduced interest rates as anticipated.

The pan-European Stoxx 600 closed 0.6% higher, with most sectors and major bourses in positive territory.

British Next slipped toward the bottom of the index after reporting first-half results.

The clothing chain announced an incline of 2.7% in profit during the first six months of the year.

The Bank of England (BOE) preserved the same interest rates today, as Brexit uncertainty continues to hang over the world’s fifth-largest economy.

There is around a month and a half 45 before London leaves the European Union, the BOE’s nine-member Monetary Policy Committee (MPC), led by Mark Carney, Meanwhile, the GBP partly moved amid the news, trading at around $1.2467.

Deutsche Bank acquired 5% stake in German financial technology start-up Deposit Solutions, The deal is worth for around 1 billion euros ($1.1. billion).

This makes Deposit Solutions Germany’s second-largest fintech unicorn, which is a private business unit.