[Europe Open] Rising Expectations on US Rate Cut... Markets Start Higher Across the Board
On the 14th, major European stock markets all started on an upward trend. The previous day, the U.S. Federal Reserve (Fed) hinted at three interest rate cuts next year, raising market expectations that monetary tightening will effectively come to an end.
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As of 5:10 PM Korea time, the UK FTSE index is trading at 7,678.37, up 1.72% from the previous trading day, and the German DAX index is at 16,980.19, up 1.28%.
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The French CAC index is recording 7,634.28, up 1.37% from the previous close. The Euro Stoxx 600 index is trading at 479.55, up 1.50%.
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