european stocks are heading for a higher open on thursday after the bank of england said it would purchase bonds in an effort to steady its financial markets and the cratering british pound sterling has stooped to record lows against the us dollar in recent days global markets saw another volatile trading day on wednesday with stocks trading sharply lower as global markets sold off on economic concerns surrounding inflation and the growth outlook market turmoil continued to hit the uk prompting the bank of england to suspend the planned start of its gilt selling next week and begin temporarily buying longdated bonds in order to calm the market chaos unleashed by the new governments socalled minibudget that move calmed markets in the us yesterday and that in turn pacified indices in asiapacific overnight us stock futures inched lower in overnight trading wednesday