About: http://data.cimple.eu/news-article/720fa18af4e2b791f5881f390cf28506b0be177a760448563b54a1f2

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	European stock indexes were solidly higher on Tuesday following a surprise rate cut by the US Federal Reserve, but off their peaks as analysts wondered about the real-world impact of the monetary policy move. At 1530 GMT, London's FTSE index was up 1.9 percent, Frankfurt was 1.8 percent higher and the Paris CAC index was up 1.8 percent as traders welcomed the Fed's action as a concrete step to help shield the economy from the impact of the spreading coronavirus. In a unanimous decision, the Fed's policy-setting committee slashed its key interest rate by a half point to a range of 1.0-1.25 percent. "The Fed has proved today that it is willing to do whatever it takes to keep the bull market alive," said AvaTrade analyst Naeem Aslam, calling the Fed's move "aggressive". But analysts also noted that key European indexes had pulled back from gains of over three percent reached in their initial reaction. James Knightley, Chief International Economist at ING, said there were question marks about how effective monetary easing was going to be. "We doubt today's policy action will trigger a meaningful boost to aggregate demand, but implementing rate cuts may help to mitigate some potential strains in the financial system and give a lift to sentiment," he said. jh/wai
schema:headline	European stocks boosted by Fed rate cut
schema:mentions	James VI and I FTSE 100 Index Interest rate Frankfurt Federal Reserve Paris London Coronavirus Aggregate demand Quantitative easing Monetary policy Market trend Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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