2024-03-21 17:38:51
* In Europe, the CAC 40 gained 0.22% and the Stoxx 600 0.90%
* Wall Street in the green mid-session with Micron
* The Fed confirmed three rate cuts this year
* The Swiss National Bank reduced its key rate
by Claude Chendjou
PARIS, March 21 (Reuters) – European stock markets ended higher on Thursday and Wall Street was also in the green at mid-session amid investor enthusiasm over the prospects of monetary easing following the decisions of the American Federal Reserve (Fed) and the Swiss National Bank (SNB).
In Paris, the CAC 40 ended with a gain of 0.22% to 8,179.72 points and the German Dax advanced 0.91%. The British Footsie rose by 1.88%.
The EuroStoxx 50 index gained 1.04%, the FTSEurofirst 300
0.89% and the Stoxx 600 0.90%.
Most European stock indices set new records during the session in a context of appetite for risky assets and a decline in bond yields.
At the close in Europe, the Dow Jones advanced by 0.89%, the Standard & Poor’s 500 by 0.59% and the Nasdaq by 0.68%, the three indices also having reached unprecedented highs during the session.
Market enthusiasm is supported by announcements from the Fed, which confirmed on Wednesday that it still plans three rate cuts this year despite the strength of inflation and the economy across the Atlantic.
The Central Bank of Norway
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