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European markets close higher amid U.S. election uncertainty; Commerzbank down 5%

European stocks closed higher on Thursday as investors closely monitored vote-counting in key battleground U.S. states that will decide the election.

The pan-European Stoxx 600 provisionally ended up around 1%, with media stocks adding 2.7% to lead gains while oil and gas stocks bucked the trend, down 0.2%.

Back in Europe, the U.K.’s central bank on Thursday held interest rates steady as England enters a fresh period of national lockdown measures expected to hit the country’s economic recovery.

Along with maintaining its main lending rate at 0.1%, the Bank of England’s (BOE) Monetary Policy Committee (MPC) also voted to expand its target stock of asset purchases to £895 billion.

Reference: CNBC