Investors hit the pause button on Europe’s main stock markets and on Wall Street yesterday as they consolidated bumper gains seen earlier in the week. 
A day after hitting a 2016 high on strong Chinese trade data London’s benchmark FTSE 100 index ended barely changed in cautious trade, after the Bank of England said it was keeping its key lending rate at a record low 0.50%, where it has stood since March 2009. 
In addition to posting its unanimous decision the bank also again warned a British exit from the European Union would have a negative impact. 
In the eurozone, Frankfurt’s DAX 30 index added 0.7% in its fifth consecutive session of gains, while the Paris CAC 40 managed a 0.5% increase. 
“After the push early in the week, it’s no surprise that the market has gone into stabilisation mode,” said Alexandre Baradez, an analyst at IG France. 
Asian and European stocks had churned higher Wednesday on strong Chinese trade data, building on the previous day’s solid gains driven by soaring oil prices. 
Wall Street stocks were a tick higher as banking shares cooled off following lower earnings from Bank of America and Wells Fargo, both boosting their reserves to cover bad energy loans. 
“The slight move lower we are seeing could be attributed to investors acting cautiously and deciding to take some money off the table following the recent rally,” David Cheetham at London-based brokerage XTB told AFP.