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Fed Plans Boost European Stocks to Five-Year High

Fed Plans Boost European Stocks to Five-Year High (Reuters)

After leading American indices to record highs yesterday, news that the U.S. Federal Reserve will not immediately begin tapering its $85-billion-a-month stimulus program boosted European shares to their highest point in five years. “The Fed’s decision not to cut its programme means that the economic environment remains difficult, with the U.S. growth momentum weaker than before the summer,” said Estelle Menard, fund manager at Amundi.

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