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European Markets Mixed as Fed's Interest Rate Decision Boosts Sentiment
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European markets started the penultimate week of 2023 with a muted tone, following a fifth consecutive week of gains. The pan-European Stoxx 600 was down 0.1%, with construction and material stocks falling by 1.1% and oil and gas stocks adding 0.8%. The U.S. Federal Reserve's decision to pencil in three cuts to interest rates over the course of 2024 contributed to global markets' buoyed sentiment.
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How did the U.S. Federal Reserve's decision impact other global markets?
What are the potential implications of the Fed's interest rate cuts on the global economy?
What factors contributed to the mixed performance of European markets?
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