Thursday, April 28, 2011

European shares steady on low Fed rates

European equities held steady on Thursday, as investors welcomed the US Federal Reserve s commitment to keep interest rates low, and digested upbeat German unemployment data and company results.

Markets were also somewhat subdued ahead of first-quarter economic growth figures in the United States and a royal wedding holiday in Britain.

London s benchmark FTSE 100 index dipped 0.14 percent to 6,060.07 points in low-volume midday trade, before the long four-day weekend.

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