European stocks mostly up as traders seek US rate hike clues

Europe's main stock markets closed mostly up Wednesday, with traders awaiting clues on the timing of US rate rises, yet oddly reassured by penalties levied on leading banks for foreign exchange fraud, analysts saidEurope’s main stock markets closed mostly up Wednesday, with traders awaiting clues on the timing of US rate rises, yet oddly reassured by penalties levied on leading banks for foreign exchange fraud, analysts said. The Frankfurt and Paris stock markets had surged on Tuesday after a European Central Bank executive board member signalled that the ECB would temporarily ramp up its stimulus programme aimed at boosting the eurozone economy. In foreign exchange trading Wednesday, the euro dropped to $1.1086 after trading at $1.1149 late in New York Tuesday.

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