European stocks are set to rise for the third consecutive session Friday amid a global market rally that has taken world stocks to their highest levels on record amid signs that the U.S. Federal Reserve will only alter its policy stance gradually.
Britain’s FTSE 100 will add around 10 points, or 0.13%, at the opening bell, according to financial bookmakers IG, with slightly firmer gains anticipated for markets in Germany and France.
Fed Chairwoman Janet Yellen reiterated yesterday, in her second series of statements to lawmakers in Washington, that she and her colleagues will remain cautious when taking decisions to raise interest rates or unwind the central bank’s $4.5 trillion (£3 trillion) balance sheet in order not to disrupt financial markets or snuff out the economy’s growth prospects.
