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European stock rise at open; London FTSE up 0.24%

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(Globalpost/GlobalPost)

Europe's stock markets rose at the open on Thursday after the Federal Reserve indicated that record-low US interest rates would remain in place for some time.

London's benchmark FTSE 100 index rose 0.59 percent at 6,818.66 points, Frankfurt's DAX 30 advanced 0.89 percent to 10,018.91 points and in Paris the CAC 40 gained 0.78 percent to 4,565.81 compared with Wednesday's closing level.

After a closely watched meeting, the Fed's policy committee said it would cut a further $10 billion from its monthly bond-buying and maintain its "highly accommodative" monetary policy of record-low interest rates.

Bank policymakers said in a statement economic growth "has rebounded in recent months" from the first-quarter contraction, while household spending and business investment were both rising.

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http://www.globalpost.com/dispatch/news/afp/140619/european-stock-rise-at-open-london-ftse-024