European stocks rise, Asian stocks lag on US Fed’s commitment

SourceGulf Today
SectorFinancial Markets
CountryGulf

Picture used for illustrative purpose. File Gulf Today Report  European stocks jumped on Thursday on hope for a global economic recovery led by the stimulus after US Federal Reserve.   The pan-European STOXX 600 rose 0.5% by 07:20 GMT, adding to gains made earlier this week when the index erased all of its pandemic-driven losses.   Fed officials are committed to supporting the pandemic-hit economy until its recovery is more secure, according to minutes from a meeting.    Investors broadly looked past news that several European countries had announced restrictions on the use of the AstraZeneca COVID-19 vaccine in younger people after a link was found to very rare blood clots. READ MORE    Gold prices steady following inflation concerns   Oil prices fall following a spike in US gasoline inventories   Indian shares rise on central bank's interest rate decision Asian stocks    Asian markets trudged on Thursday after US stock futures reached new peaks following the US Federal Reserve’s declaration.   MSCI's broadest ...read more...