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World shares advance after Fed signals US rate cut likely

WorldNews Thursday, 11 July 2019 ()
World shares advance after Fed signals US rate cut likelyBANGKOK — Shares rose Thursday in Europe and Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade. Germany's DAX edged less than 0.1% higher to 12,377.95 and the CAC 40 in France added 0.2% to 5,577.95. Britain's FTSE 100 picked up 0.2% to 7,546.21. Wall Street looked set to extend its winning streak, with the future contract for the Dow Jones Industrial Average up 0.2% to 26,909.00. The future for the S&P 500 also gained 0.2%, to 3,003.00. The Fed chairman told Congress in his...
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