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Soothing US Fed gives world stocks their mojo

Oil and commodities firms gained the most as oil and metal prices rose

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World Stocks

Reuters  |  London 

World shares and bonds rallied on Thursday, after the Federal Reserve left US interest rates unchanged and slowed the pace of future hikes, weakening the dollar and lifting commodity prices. European markets followed Wall Street and Asia's lead with Britain's FTSE 100 climbing 0.6 per cent and Germany's AX and France's CAC 40 both rising a full one per cent. Oil and commodities firms gained the most as oil and metal prices rose, while the weakened dollar made the climbing easy for the euro, pound and Swiss franc. The yen was also at four-week high against the ...

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First Published: Thu, September 22 2016. 14:34 IST
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