European stocks rally as autos lead gains

The pan-European Stoxx 600 was up 0.6% in early trade, with autos adding 1.4% to lead gains as most sectors and major bourses advanced. Oil and gas bucked the positive trend to fall 1.1%.

The continental blue chip index is rebounding Friday after closing down 0.5% the previous session, pulling back from the two-year highs it scaled in late January.

The Bank of England on Thursday held interest rates steady with an unexpected split vote that highlighted the tricky outlook for policymakers as inflation moves closer to target.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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