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Stock indices traded higher supported by the Fed's interest rate decision. The Fed cut its monthly asset purchases by another $10 billion to $35 billion and kept the Federal Funds Target Rate between zero and 0.25 percent. Market participants had expected this decision. The Fed pointed out that interest rates will remain unchanged for a considerable time after the Fed's asset purchase program ends.
The U.K. retail sales dropped 0.5% in May, in line with forecasts, after a 1.3% gain in April. That was the first drop since January.
On a yearly basis, retail sales in the U.K. climbed 3.9% in May, missing expectations for a 4.2% increase, after a 6.9% gain in April.
The Confederation of British Industry released its industrial order books balance. The CBI industrial order books balance increased to 11% in June from 0% in May, exceeding expectations for a climb to 3%.
Rolls-Royce Holdings Plc surged 8.1% after announcing a 1 billion pounds share buyback.
Peugeot SA increased 5.2%.
Electricite de France SA dropped 7.6% after the French energy minister said the government will cancel a 5% rise to electricity prices.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,808.11 +29.55 +0.44%
DAX 10,004.00 +73.67 +0.74%
CAC 40 4,563.04 +32.67 +0.72%
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