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- European stocks close: stocks closed higher on Fed’s monetary policy statement
European stocks close: stocks closed higher on Fed’s monetary policy statement
Stock indices closed higher on Fed's monetary policy statement. The Federal Reserve released its interest rate decision yesterday. The Fed kept its interest rate unchanged. The central bank changed its guidance language. It said that it will be "patient" before to raise its interest rate.
The Fed Chair Janet Yellen said at the press conference that the Fed's position has not changed despite different views when to raise interest rates. Yellen noted that the Fed was unlikely to hike its interest rates for the "next couple of meetings".
German Ifo business climate index rose to 105.5 in December from 104.7 in October, but missing expectations for a rise to 105.6.
The Swiss National Bank (SNB) has introduced a negative deposit rate to defend the exchange rate floor unchanged at 1.20 francs per euro. The SNB will charge 0.25% on sight deposits at the central bank. The new deposit rate will be imposed on January, 22.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,466 +129.52 +2.04%
DAX 9,811.06 +266.63 +2.79%
CAC 40 4,249.49 +137.58 +3.35%
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