BEIJING | Global stocks gain after Fed chief hints rate rises may slow

29Nov - by Editor - 0 - In STL.News



BEIJING— Most global stock markets followed Wall Street higher on Thursday after Federal Reserve Chairman Jerome Powell suggested the pace of U.S. interest rate increases might slow.

KEEPING SCORE: In early trading, Germany’s DAX gained 0.6 percent to 11,369.42 points and London’s FTSE 100 advanced 0.5 percent to 7,036.68. France’s CAC 40 gained 0.9 percent to 5,026.48. On Wednesday, the FTSE 100 fell 0.2 percent and the DAX lost 0.1 percent while the CAC 40 was little changed.

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