European stocks rebound after US rate hike
European stocks rose after the U.S. Federal Reserve announced its first interest rate hike in three years, leading to increased investor appetite for high-risk assets. Mining and automotive sectors led the gains, with shares of companies like BMW, Renault, and Volkswagen rising by about 2%. Meanwhile, the price of Brent crude remained above $100 per barrel despite a decline, as investors continued to monitor developments in global energy markets. The Bank of England kept interest rates unchanged, warning that rising costs could impact inflation.
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