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Thursday 19 November 2015

Fed minutes minimizes global fears

Online Desk
European equities traded higher Thursday after the U.S. Federal Reserve gave a clearer signal about a December rate hike, a report said on CNBC.
 
The pan-European STOXX 600 was up 0.6 percent with all major indices in positive territory following strong moves higher in Asia and the U.S. overnight.
 
U.S. equities closed higher on Wednesday and Asia markets were buoyed overnight as investors digested the release of the Federal Reserve's October meeting minutes.
 
The minutes showed that many members of the Federal Open Market Committee believe a rates hike next month would be appropriate but would then proceed with caution on further tightening, assessing the economic conditions closely.
 
Investors in Europe are also digesting the latest developments in the aftermath of the Paris attacks. Police raids on more suspected perpetrators of Friday's attacks took place on Wednesday.