European Stocks Rally As Yellen Spurs Positive Mood

European stock markets opened firmly higher on Thursday, keying off solid gains in the U.S. the prior day when Federal Reserve Chairwoman Janet Yellen signaled she was in no hurry to raise interest rates. The Stoxx Europe 600 index rose 0.7% to 348.53, after trading in tight ranges for most of week.

Germany’s DAX 30 index climbed back above the 10,000 mark for the first time since June 11, trading 0.7% higher at 10,003.98. The U.K.’s FTSE 100 index advanced 0.7% to 6,825.16, while France’s CAC 40 index picked up 0.8% to 4,565.00. Among notable movers, shares of Rolls-Royce Holdings PLC jumped 6.7% after the engine maker announced a £1 billion ($1.7 billion) share-buyback program. Air France-KLM SA dropped 1.5% after a ratings downgrade.

Source : Marketwatch

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