European shares rise after Federal Reserve signal on interest rates

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European shares rise after Federal Reserve signal on interest rates via IrishTimesBiz

climbed 4.4 per cent after making its biggest profit since 2011 last year, defying expectations for a loss in the fourth quarter.

The company that owns the WeTransfer file service said it was cancelling its initial public offering on Amsterdam Euronext, citing market volatility. WeRock had planned a flotation that would have valued the business between €629 million and €716 million.Wall Street stocks painted a mixed picture as investors digested how strong economic news could inform the Federal Reserve’s thinking on interest rate hikes, while the dollar hit its highest level in over a year.

 

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