BCN-34 European stock rally on Fed rate cut signal

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BCN-34

MARKETS-EUROPE-OPEN

European stock rally on Fed rate cut signal

LONDON, June 20, 2019 (BSS/AFP) – European stocks rallied Thursday at the
open after the US Federal Reserve signalled it could soon cut interest rates,
and before a monetary policy announcement from the Bank of England.

In initial trade, London’s benchmark FTSE 100 index gained 0.5 percent to
7,440.18 points compared with the closing level on Wednesday.

In the eurozone, Frankfurt’s DAX 30 index jumped 0.8 percent to 12,409.58
points and the Paris CAC 40 won 0.6 percent to 5,551.03.

BSS/AFP/HR/1500