The Traderszone Network

Published in TZ Latest News 16 October, 2014 by The TZ Newswire Staff

European shares trim losses after 13-month low on Fed optimism

European equities trimmed their losses late on Thursday after hitting a 13-month low on concern that global growth is slowing, and U.S. In addition, St. Louis Federal Reserve Bank President James Bullard said the Fed may keep up its bond-buying stimulus, since inflation expectations had diminished. “The market was technically extremely ‘oversold’ and investors were looking for an excuse to jump back into the market,” said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.

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