Wall Street Rises After Ecb Statement Retail Sales Data

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– U.S. stocks rose on Thursday after the European Central Bank promised not to raise euro zone interest rates before the middle of next year and on better-than-expected May retail sales data.

The bank’s statement came as a relief, especially after the U.S. Federal Reserve raised interest rates for the second time this year on Wednesday and hinted at two more hikes by the end of 2018.

ECB, however, said it would wind down its 2.55 trillion euro stimulus program by the close of the year.




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