|Day's range||7,028.52 - 7,108.66|
|52-week range||5,628.42 - 7,401.15|
Andrew Bailey warned companies that interest rates may need to be raised further.
European stock markets are expected to open lower Friday on concerns of slowing economic growth as the banking crisis drifts on. At 03:10 ET (07:10 GMT), the DAX futures contract in Germany traded 0.4% lower, the FTSE 100 futures contract in the U.K. fell 0.6%, while CAC 40 futures in France traded largely unchanged. The European banking sector has shown some signs of stability this week, but selling by the smaller regional U.S. banks resumed on Thursday even as Treasury Secretary Janet Yellen sought to reassure investors.
European stock markets weakened Thursday as investors digested the latest interest rate increase by the U.S. Federal Reserve ahead of a policy-setting meeting by the Bank of England. The Fed raised its benchmark interest rate by 25 basis points as widely expected, forecasting at least one more hike this year, and saying it has no intention of cutting interest rates this year. Adding to the negative tone were comments from Treasury Secretary Janet Yellen, as she said the government "is not considering insuring all uninsured bank deposits".