European shares rise on Federal Reserve decision

Cairo-Mubasher: European shares opened Thursday in green, boosted by the Federal Reserve's interest rate decision.

At 8:30GMT, FTSEurofirst 300 index rose 1% and EURO STOXX 50 gained 1.5%.

U.K.'s FTSE climbed 1.6%, and France's CAC was up 2.2%. In addition, German's DAX jumped 2.5%.

The Federal Reserve hiked interest rate for the first time in nine years on Wednesday, which indicates that the U.S. economy overcame the wounds of 2007-2009 financial crisis.

 

Mubasher Contribution Time: 17-Dec-2015 08:39 (GMT)