European stocks rise after Fed hike and lower oil
European shares gained as lower oil prices and stable bond yields lifted risk appetite following the US Federal Reserve interest-rate hike. Metal mining and automotive sectors led the regional advances.
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European shares rose 0.9% to 642.6 points on Thursday afternoon as lower oil prices and a stabilization in bond yields lifted risk appetite. The advance followed the United States Federal Reserve delivering its first interest-rate hike in three years.
