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Home International Markets

European stocks climb to fresh 15yrs high; Stoxx Europe 600 bounces 0.4%

byCustoms Today Report
09/04/2015
in International Markets
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FRANCE: European shares climbed to a fresh 15-year high on Thursday after U.S. Federal Reserve minutes showed officials were divided about when to raise interest rates.

The Stoxx Europe 600 index was 0.4% higher in early trade at 406.10, closing in on its all-time intraday high of 407.56 set in March 2000.

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The gains came after U.S. markets shrugged off news that several Fed officials think it would be appropriate to raise rates in June, with the S&P 500 climbing 0.3% on Wednesday. The prospect of higher rates is generally seen as bad for stocks around the world, which have benefited from ultra loose monetary policy in the U.S.

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