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Market Update

Fed Optimism Spurs Gains in Europe

European markets were trading sharply higher Thursday, tracking gains in Asia after the U.S. Federal Reserve hinted it would not start paring its current asset-purchase program over the short run.

At 9:14 a.m. in London, the FTSE 100 was up 1% and so was the CAC 40 Paris. The Dax Frankfurt rallied 1.1% at the time of writing.