Europe opens with gains as Fed shifts policy
Trading on major European stock markets started with gains on Friday as investors digested the latest policy plans from the Federal Reserve.
The major policy update was unveiled by Fed chief Jerome Powell and will see policymakers target a 2% inflation rate on average. In Japan, Prime Minister Shinzo Abe is set to resign due to declining health as the politician struggles with ulcerative colitis.
The DAX was up 0.34% at the start of the session in Frankfurt, while the CAC 40 rose 0.31% in Paris. The two indices turned flat shortly following the open. Meanwhile, the FTSE 100 opened 0.60% in the green as Severn Trent led the gains. The euro jumped 0.53% against the dollar at 9:05 am CET, buying 1.18848. At the same time, the pound climbed 0.58% compared to the greenback to go for 1.32790.
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