Posted 11/2/2023, 8:21:09 AM
Global Markets Rise as Investors Welcome Signals of Peaking Interest Rates
- European stock markets jumped at the open on Thursday, with the FTSE 100 up 0.7%
- Markets rose on confidence that US interest rates have peaked after the Fed held rates steady
- Sentiment in the UK boosted by expectations the Bank of England will keep rates steady
- Frankfurt's DAX gained 0.8% at the open and the Paris CAC 40 won 0.9%
- Markets boosted by cooling inflation from highest levels in decades in US