European stocks rallied on Friday after investors took heart from US congressional passage of a deal to lift the country’s debt ceiling and suggestions from Federal Reserve officials that the central bank would halt interest rate rises.
Europe’s region-wide Stoxx 600 rose 0.5 per cent, extending gains from the previous day, while France’s Cac 40 added 0.7 per cent and Germany’s Dax was up 0.7 per cent in morning trade.
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