European and US markets headed into the green on Thursday, as investors parsed another central bank interest rate rise.
The European Central Bank opted to hike rates once more, raising them from 4% to 4.25%. This is the ninth time it has hiked rates since July 2022. The central bank signalled it may not stop there with the possibility of another hike pencilled in for September.
The FTSE 100 (^FTSE) ticked up 0.3% by around 3pm in London, while the CAC (^FCHI) was 1.7% higher and Germany’s DAX (^GDAXI) rose 1.2%.
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