Shares gain, oil prices steady as Fed readies rate cuts

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Shares gain, oil prices steady as Fed readies rate cuts
Transcript
00:00European markets slightly rose. Oil prices were steady, while the dollar stayed weak
00:05following Federal Reserve minutes indicating that U.S. interest rate cuts might start in
00:11a few weeks. European shares started off a bit higher, with the stock's 600 index up
00:17by 0.3 percent due to a boost from retail stocks following a quiet day for Asian indices.
00:24However, Brent futures rose to $76.36 a barrel, while U.S. West Texas Intermediate went up
00:31to $71.80. Moreover, the dollar index was mostly steady at 101.21 but fell to 100.92
00:41overnight, marking its lowest point this year.

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