European markets have opened Thursday's session with advances beyond 1.% after a mildly positive statement by the Fed, which has improved risk appetite after the largest negative streak in several years. In FX markets, a wave of risk appetite has favoured Euro and Pound against Dollar.
Eurostoxx 50 Index advances 1.3%, while the German DAX Index rises 1.25% and the French CAC Index adds 1.2%. In the UK, the FTSE Index trades 0.9% up
Risk appetite has returned to the markets after the Federal Reserve affirmed yesterday that interest rates will remain low for an extended period of time while economic conditions continue showing signs of improvement.
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