European shares soared on Friday, after Fed minutes for September meeting reflected the patience of policymaker regarding interest rate hike.
Fed minutes for the September 16-17 meeting released on Thursday showed the Fed would wait for some time and watch economic data before deciding to raise the borrowing cost.
Policymakers stressed on the high risks posed from the slowdown in emerging markets and its impact on growth and inflation outlook.
The ongoing concerns from China “were likely to depress U.S. net exports,” the minutes said. “Participants anticipated that the recent global developments would likely put further downward pressure on inflation in the near term.”
The dovish tone uplifted equities on the U.S. overnight, which was tracked by gains in Asia and Europe.
European FTSEurofirst 300 index climbed 0.67 percent, while Europe STOXX 600 edged up 0.66 percent.
Germany’s DAX added 0.87 percent and France’s CAC advanced 0.85 percent.
Britain’s FTSE 100 increased 0.58 percent, where a report from the U.K. released on Friday showed that goods trade deficit narrowed in August, but less than forecast, while construction output fell by the most since 2012.