Friday August 7, 2020

Share report: Stocks rise most in a week after Fed decision

European stocks rose the most in a week today as the US Federal Reserve reiterated its pledge to leave investment rates near their record low.

19th June, 2014
In Dublin, the Iseq rose 1.5%

European stocks rose the most in a week today as the US Federal Reserve reiterated its pledge to leave investment rates near their record low and said the American economy should continue to experience sustained growth.

The Stoxx Europe 600 Index climbed 0.6 per cent by close of trading. Markets around the world also rallied as the Fed lowered its long-term forecast for interest rates from 4 per cent down to 3.75 per cent.

The Fed also reduced its...

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