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European stocks rally, ignore losses in Asia

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets in Europe advanced on Monday as investors shrugged off losses in Asia, but remain cautious ahead of this week’s FOMC rate decision.

    At the time of writing, the pan-European Euro Stoxx 600 index was up 0.64% at 358.07. Among the regional indices, the Germany’s DAX was up 0.76%, France’s CAC was up 1.11%. London’s FTSE was up 0.80%.

    The London listed Investec, Drax Group, Old Mutual, Mondi were the top gainers in the Stoxx 600 index. Meanwhile, ARM holdings and Austria’s OMV AG were among the top losers.

    Trading is expected to remain cautious in the run-up to the Federal Reserve’s policy announcement on Wednesday, where the bank is widely expected to lift rates.
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