Home Business Fed, rates raised by half a point: European stock exchanges take off

Fed, rates raised by half a point: European stock exchanges take off

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Fed, rates raised by half a point: European stock exchanges take off

European stock exchanges open the session with a strong rise after the Federal Reserve’s decision to raise interest rates by 50 basis points, with US central bank chairman Jerome Powell ruling out a 75 point hike, a choice feared by the market. After the closing in strong progress of Wall Street, in Piazza Affari the Ftse Mib jumped by 2.15% to 24,414 points. London rose by 1.57%, Frankfurt by 2.29% and Paris by 2.35%. Among commodities, the price of oil is stable, with the WTI at 108 dollars a barrel. On the main list of Piazza Affari, Unicredit flies (+ 6.28%) after the accounts of the first quarter. Stellantis is also tonic (+ 4%) and increases by over three percentage points Stm, Intesa Sanpaolo and Tim.

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