LONDON: Europe's stock markets mostly advanced Thursday with solid gains across the banking sector after the US Federal Reserve hiked interest rates as expected -- and signalled three more rises next year.
The news sent the dollar spiking against rival currencies as the hawkish prospect of more rate hikes cemented support for the greenback.
The yield on 10-year US Treasury bonds hit the highest level since the summer of 2014, having already soared in the wake of Donald Trump's surprise presidential election victory.
In Europe, bank share prices shot higher on expectations of swelling profits, dealers said.
"The main thing for Europe is the banks," ETX Capital analyst Neil Wilson told AFP.
"Banking stocks (are) driving European bourses higher after the Fed hiked rates and yields pushed higher.
Comments
Comments are closed for this article.