European stocks edge up following ECB minutes
On Thursday, European stocks surged, because the Fed’s minutes disclosed caution over future interest rate hikes and market participants eyed the ECB’s minutes of the recent gathering.
In European morning trading session, the Euro Stoxx 50 soared 0.40%, German Dax 30 acquired 0.64%, while French CAC 40 grew 0.67%.
Issued on Wednesday, the Fed’s minutes indicated that the US major bank is reluctant to increase its interest rate before June and this can be explained by global economic growth.
The minutes revealed that the Fed’s certain policymakers are assured that global growth will most likely persist and normally calls for a more cautious approach toward raising interest rates.
Equity markets also edged up, driving by ascending crude oil prices, when Wednesday’s data unviled that American stockpiles suddenly dipped.
Energy shares found themselves in positive territory, as Total SA, French gas and oil major managed to grab +0.94%. Then, Norwegian StatoilASA grew 1.55%, while Italian ENI SpA surged 0.24%.