European stocks are expected to open higher as investors digest the Fed’s rate cut and await the Bank of England’s decision to hold rates steady at 4 percent. The Bank of Canada cut rates to a three-year low while Hong Kong and Brazil kept rates unchanged. The Bank of Japan is likely to maintain rates at a policy meeting on Friday. In economic news, euro area current account data and U.S. initial jobless claims will be in focus. Asian markets were mixed, with Japan’s Nikkei hitting a new intraday record. U.S. stocks ended mixed after the Fed’s rate cut, with the Dow up 0.6 percent and the S&P 500 and Nasdaq lower.

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