da-kuk/E+ via Getty Images London (UKX) +0.68% Germany (DAX:IND) +0.57% France (CAC:IND) +1.13% Producer prices in Moldova dropped by 0.2%Y/Y in August. Slovakia’s current account deficit rose to €304.2M in July. The annual inflation rate in Austria slowed to 2.3% in August. The pan-European Stoxx 600 (STOXX) moved 0.71% higher, after the US Federal Reserve's first rate cut in four years. The Fed slashed rates by 50bps easing investor concerns. Investor eyes are now glued to the Bank of England, which is expected to hold rates steady after cutting them by 25 bps to 5% in August. Coming up in the session: BOE's interest rate decision expected at 7.00am ET. In the bond market, the U.S. 10-year Treasury yield was up 1 basis point to 4.00%. Germany's 10-year yield was up 1 basis point at 2.02%. UK's 10-year yield was up less than 1 basis point to 3.85%. Currencies: (EUR:USD) (GBP:USD) (CHF:USD) ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)