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European equities rise on ECB stimulus hopes, commodities bounce

Published 01/22/2016, 08:36 AM
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Investing.com - European equities rose sharply on Friday, adding to gains made in the previous session on European Central Bank stimulus hints, with bouncing commodities prices boosting energy and mining stocks. ECB President Mario Draghi hinted strongly on Thursday that more easing could be coming within months. Fading growth and inflation prospects will force the central bank to review its policy stance in March, Draghi said. London's FTSE, Germany's DAX and France's CAC 40 all were sharply higher, while the U.S. dollar firmed up against a basket of currencies, with the dollar index on track for a weekly gain. Oil stocks and miners were the top sectoral gainers with a rise of 4.1% and 3.2% respectively.

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