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Sep 23, 10:50 AM
US and European Stocks Gain Following Fed Rate Cut; Dow Futures Steady
Europe
Economics
Business
World

US and European Stocks Gain Following Fed Rate Cut; Dow Futures Steady

Authors
  • Reuters
  • ABC News
  • Bloomberg
18

US and European stocks experienced gains following a significant interest rate cut by the Federal Reserve last week. The US stock market indexes started the week with gains, continuing the rally from the previous week. Dow futures were little changed after clinching a record high. Investors are closely monitoring comments from Federal Reserve officials and upcoming economic data to gauge the future direction of interest rates and the overall market. European shares started the week on a subdued note but showed slight gains by the end of the day, with Britain's FTSE 100 up 0.35%, Germany's DAX up 0.61%, and France's CAC 40 up 0.1%. The FTSEurofirst 300 provisionally closed up 0.38 percent at 2,041.54. The positive sentiment was supported by steady factory data and expectations of further easing from the Federal Reserve.

Written with ChatGPT (GPT-4o).

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