LIVE: Wall Street turns positive as FTSE closes higher
A look at how the major markets are performing on Thursday
European stock markets were on cautious footing on Thursday as the European Central Bank (ECB) made its latest decision on interest rates.
In London, the FTSE 100 (^FTSE) rose 0.34% to close at 7,628, while the CAC (^FCHI) tumbled 0.65% in Paris, and the Frankfurt DAX (^GDAXI) was 0.19% lower.
The ECB hiked interest rates by 25bps to 3.5% as expected. It comes as the US Federal Reserve left interest rates on hold last night, pausing after 10 consecutive increases.
Wall Street bounced back after a weak start, with the S&P 500 (^GSPC) up about 0.35%, while Dow Jones Industrial Average (^DJI) added 188 points. The technology-heavy Nasdaq Composite (^IXIC) climbed 0.2%.
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