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Fed Cuts Interest Rates To Ease U.S. Economy Pressure

People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Nov. 8, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

European markets opened higher on Friday following the Federal Reserve's decision to cut interest rates once again in an effort to alleviate pressure on the U.S. economy. Germany's DAX slipped 0.1% to 19,362.32, while in Paris, the CAC 40 edged 0.1% lower to 7,417.13. Britain's FTSE 100 also fell 0.1% to 8,132.48. The futures for the S&P 500 and the Dow Jones Industrial Average remained virtually unchanged.

Markets in Hong Kong and Shanghai experienced mixed results as investors awaited potential economic stimulus measures from Beijing to boost the slowing Chinese economy. Hong Kong's Hang Seng fell 1.1% to 20,728.19, and the Shanghai Composite index dropped 0.5% to 3,452.30. Meanwhile, Japan's Nikkei 225 index gained 0.3% to 39,500.37.

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