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European stocks firmer, Asia mixed | Malay Mail

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PARIS, Aug 31 — European stock markets were mostly firmer in quiet trade today after the Federal Reserve signalled it would keep interest rates at unprecedented lows for as long as it takes to get through the coronavirus crisis. London was closed for a public holiday, leaving Paris and...

The Fed’s pledge of trillions of dollars in support has been key to stock market gains since the massive virus-induced sell-off in March. — Reuters pic

“Cheap central bank money is going to continue to support the stock markets,” said independent analyst Timo Emden in Frankfurt. “Monetary policy will be highly stimulative for a long, long time. Indeed, music to the stock market’s ears,” said Stephen Innes at AxiCorp.

 

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