Premarket: Wall Street selloff leaves Europe woozy ahead of Bank of England rate decision

News Snapshot:

Dazed share markets were trying to steady on Thursday as Chinese stocks eked out rare gains and investors stuck to bets for sizable cuts in U.S. interest rates even if the kickoff date might now be a little later than first hoped. Europe’s bourses started in the red as traders hoped euro zone inflation data and a Bank of England interest rate decision due later would divert attention from what had been Wall Street’s worst rout since September on Wednesday. The Federal Reserve committee’s decision to hold rates at 5.25-5.5% had been no surprise, but it emphasized that rates would...