European stock rally on Fed rate cut signal

MG News | June 20, 2019 at 01:12 PM GMT+05:00

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June 20, 2019: 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.

AFP/APP

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Name	Price/Vol	%Chg/NChg
KSE100	181,310.28 434.73M	-0.07% -119.74
ALLSHR	109,402.32 910.03M	0.21% 233.65
KSE30	54,005.86 184.89M	-0.47% -257.39
KMI30	255,725.19 167.56M	0.03% 73.46
KMIALLSHR	70,216.28 547.59M	0.32% 225.24
BKTi	52,240.23 69.77M	0.07% 34.26
OGTi	35,793.26 17.01M	1.22% 429.81

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,395.00	65,700.00 64,380.00	-780.00 -1.20%
BRENT CRUDE	86.61	86.85 83.33	3.06 3.66%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-0.90 -0.85%
ROTTERDAM COAL MONTHLY	120.00	120.00 119.50	3.25 2.78%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.08	81.30 77.79	2.90 3.71%
SUGAR #11 WORLD	16.48	16.63 16.29	0.03 0.18%