The U.K. central bank raised its key interest rate on Thursday, as expected, for the first time since 2023 in an attempt to cushion the future impact of the second-round effects of high energy prices and warned that more hikes would be necessary if the Middle East conflict does not resolve fast.

Germany's factory orders rebounded in September largely driven by strong expansion in the automotive sector, official data revealed Thursday. Factory orders increased 4.4 percent on a monthly basis, in contrast to the revised 10.1 percent decline logged in August. However, the pace of growth was weaker than forecast of 4.6 percent.

Indonesia's economic growth accelerated in the third quarter driven by strong increases in government spending and investment, official data showed Thursday. Gross domestic product grew 5.47 percent year-on-year in the third quarter, Statistics Indonesia said.