European markets were higher Tuesday, building on positive momentum in the previous session.
.FTSE 3M line FTSE 100 index. U.K. stocks remained in positive territory on Tuesday afternoon, with the blue-chip FTSE 100 index 0.25% higher at 3:50 p.m. London time, after Bank of England Chief Economist Huw Pill delivered a speech that was perceived by many investors as hawkish. Equity gains were lower than earlier in the session and lagged Germany's DAX index, which was up 1.35%, and France's CAC 40, up 0.7%. U.K.
stocks had powered ahead during Monday's session, taking the FTSE 100 to a record close on mounting expectations of a summer rate cut from the BOE. Pill on Tuesday said that his baseline at the start of March was that 'the time for cutting Bank Rate remained some way off.' 'The combination of little news and the passage of time have brought a Bank Rate cut somewhat closer.
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