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European Stocks Open Slightly Higher After Dovish Fed Indications; UK Election And ECB in Focus


Thursday, 12 December 2019 15:23 WIB

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European stocks opened cautiously higher Thursday morning after the U.S. Federal Reserve signaled that it did not plan to raise interest rates in 2020.

The pan-European Stoxx 600 edged up 0.1% in early trade, with technology stocks adding 0.5% to lead gains as most sectors entered positive territory.

The Fed held rates steady at its last policy meeting of 2019 on Wednesday following three rate cuts in the past five months, but signaled that rates would remain accommodative with no hikes expected in 2020.

Source : CNBC


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