European stocks open lower amid Bank of England’s cautious outlook

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European stocks opened lower on Thursday, amid a pessimistic outlook from the Bank of England. The U.K. central bank, which held interest rates at 0.1%, said the U.K. economy will take until the end of next year to make up the ground lost during the coronavirus pandemic. Siemens shares rose over 3% after the conglomerate’s industrial business reported a better-than-forecast profit, while ITV shares fell after halting its dividend as its profit tumbled. Futures on the Dow Jones Industrial Average rose 77 points.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.