6/14/2018, 5:32 PM (Source: TeleTrader)
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European stocks finish higher after ECB holds rates

Stock markets in Europe ended the trading session with strong gains on Thursday, following the decision by the European Central Bank to leave the interest rates unchanged. Policymakers also announced that they expect the rates to stay at the same level "through the summer of 2019." President of the European Central Bank Mario Draghi also said that the forecast for this year's growth was downgraded to 2.1% from 2.4%, while the inflation is expected to rise to 1.7% in 2018, 1.9% next year and slide back to 1.7% in 2020.

The DAX surged 1.84% at the closing bell. Electric utility companies E.ON and RWE increased 3.36% and 3.24%, respectively.

The FTSE 100 finished 1.06% in the green.

The CAC 40 gained 1.39%. IT company Atos and planemaker Airbus were 5.30% and 4.37% higher at the close.

The euro fell 1.29% against the US currency, to go for 1.1638 at 5:35 pm CET, as the pound lost compared to the dollar to change hands for 1.3332 at the same time.

Breaking the News / NI