In this Oct. 8, 2014, file photo, an American flag flies in front of the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 22, 2018. (AP Photo/Mark Lennihan, File)
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European and Asian stock markets rose solidly Monday following healthy pre-weekend gains on Wall Street.Those worries were eased somewhat Friday when the Federal Reserve, in its semi-annual report to Congress, said inflation remains subdued globally and it expects to raise borrowing costs three times this year -- tempering speculation of four increases.Around 1000 GMT, London's benchmark FTSE 100 index was up 0.3 percent compared with Friday's closing level.In the eurozone, Frankfurt's DAX 30 and Paris CAC 40 indices each grew 0.6 percent.All three main Wall Street indices powered higher Friday, with the Dow up 1.4 percent, S&P 500 winning 1.6 percent and Nasdaq jumping 1.8 percent.Dollar/yen: DOWN at 106.59 yen from 106.83 yen
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