European stocks rise on hopes of low U.S. interest rates as ECB decision awaits

European stocks rose on Thursday in their first opportunity to react to the U.S. Federal Reserve decision, with key events on the horizon including a European Central Bank decision and the U.K. election.The German DAX DAX, +0.08% added 0.42% to 13202.31 and the French CAC 40 PX1, +0.11% gained 0.4% to 5884.34.

After European stock markets had closed on Wednesday, the Fed released a so-called “dot plot” showing the central bank doesn’t expect to lift interest rates in 2020. Chairman Jerome Powell told reporters the bar was high to getting the central bank to lift interest rates. Channel Tunnel operator Getlink GET, -1.87% fell 1.9% after reporting a decline in shuttle traffic during November, with truck traffic hurt by stockpiling during the previous month because of concerns over Brexit, and passenger traffic affected by U.K. election uncertainty.

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