European stocks climb on Bank of England, Fed statements

European stocks have been traded higher Thursday as global markets reacted to the latest policy decisions from the Bank of England and the U.S. Federal Reserve.
Investors are still digesting the Fed’s decisions and the statements by the Bank of England, as the IHS Markit’s flash composite Purchasing Managers’ Index (PMI) data, having seen as a weight of the region’s economic health, fell to a five-month low of 56.1 in September from 59.0 in August.
The pan-European Stoxx 600 index was trading 1.1% higher Thursday afternoon, with all sectors and major bourses in the positive zone.
European markets have held their gains despite data showing that Eurozone business activity grew at its weakest pace in five successive months in September.