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7/7, 7:15 AM (Source: TeleTrader)
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Europe up in premarket after Fed's remarks

Equities in Europe traded higher in the premarket on Thursday after the United States Federal Reserve reaffirmed its readiness to adopt a "more restrictive" if inflation continues to rise. The institution also noted the necessity of bringing inflation back to the target of 2% and implementing the steps needed to achieve that goal.

The DAX rose by 1.07% at 7:05 am CET. The FTSE 100 advanced by 1.03% at the same time, while the CAC 40 grew by 1.13%.

The euro gained 0.25% to the dollar at 7:08 am CET to sell for $1.02080. A minute later, the pound sterling went up by 0.25% against the greenback to change hands for $1.19538.

Baha Breaking News (BBN) / JR