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European Stocks Open Higher On Hopes For a Fed Rate Cut


Friday, 19 July 2019 14:39 WIB

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European stocks opened higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month.

The pan-European Stoxx 600 was up by 0.5% at 388.46 after the opening bell, food and beverage stocks leading the way with a 1% climb as all sectors traded in positive territory.

Investors digested comments from a top Fed official that suggested the central bank would implement a pre-emptive “insurance” rate cut aimed at averting a major slump in economic growth.

Source : CNBC


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