European stocks hit record highs after Fed holds stance

European stocks hit record highs after Fed holds stance

The Edge Markets - World·2021-04-09 05:01

BENGALURU (April 8): European stocks hit record highs on Thursday as optimism grew around a global stimulus-fuelled economic rebound, after the US Federal Reserve signalled it was in no hurry to tighten its monetary policy.

The pan-European STOXX 600 index rose 0.6%, adding to gains notched earlier this week when the index erased all of its pandemic-driven losses.

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