Thursday, December 17, 2015

European Markets Welcome Federal Reserve’s US Interest Rate Rise

 
European shares surged on Thursday following the US Federal Reserve’s interest rate rise, as investors took the move as a sign of confidence in the world’s biggest economy.

Markets in London, Frankfurt and Paris were all up amid talk of an end of year rally. The euro fell against the dollar.

The Fed made it clear that the quarter-of-one-percent hike was the beginning of a gradual tightening cycle. 

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Source: Euronews

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