European shares rise to highest level in 5 years

UPDATE: European stocks rose to the highest level in more than five years as the Federal Reserve [decided not to slow the pace of its monthly bond purchases.

19th September, 2013
Shares hit their highest level in 5 years, according to one index at least.

European stocks rose to the highest level in more than five years as the Federal Reserve decided not to slow the pace of its monthly bond purchases.

UniCredit and Standard Chartered led European banks higher, with each gaining at least 2 per cent after the Fed’s decision. The Stoxx Europe 600 Index rallied 0.9 per cent to 316.19, the highest level since at least June 2008, a short time ago. The equity benchmark has gained...

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