European stocks are expected to open higher on Friday after the Bank of England (BoE) unleashed a fresh stimulus package, but some caution remains ahead of U.S. jobs numbers later in the day.
London's FTSE 100 is called up 33 points at 6,766, the German DAX is seen 44 points higher at 10,260, and the French CAC is expected to open 23 points higher at 4,359.
The BoE cut interests rates for the first time in nearly seven and a half years, from 0.5 percent to 0.25 percent and increased its government bond-buying program known as quantitative easing., to counter the post-Brexit slump in the U.K. economy.
Action by the BoE has signaled to investors that other central banks around the world could also ease further which would support equities.
European stocks are set to follow their Asian counterparts which were broadly higher.
Setting oil prices above 40$ is a reason for the investors to stay calm, which will support the short term upward movements by the stocks.
We expect earning reports from LafargeHolcim, RBS and William Hill.
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