European stocks are set to open higher Thursday, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting.
European stocks are set to open slightly higher Thursday morning, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting.
At the end of a two-day policy meeting on Wednesday, the U.S. central bank abandoned forecasts for any interest rate hikes this year amid signs of an economic downturn.The Fed also said it would halt the decline of its balance sheet in September. Ahead of the resumption of U.S.-China trade talks next week, President Donald Trump warned on Wednesday that Washington would be prepared to leave tariffs on Chinese goods for a"substantial period" to ensure Beijing's compliance with any trade deal.
Back in Europe, British Prime Minister Theresa May told the public on Wednesday that she is"on their side" amid Brexit negotiations, laying the blame for the country's delayed exit squarely with Parliament.
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