Milan bourse soars after Fed rate rise

(ANSA) - Milan, December 17 - The Milan stock exchange soared by 2% in early trading on Thursday as European markets made big gains after the Federal Reserve raised its interest rates. The increase of the Fed's target band for rates from 0.25% to 0.5% ended six years of close-to-zero rates and is seen as a sign that the United States economy have overcome the crisis. The Paris bourse gained 2.2%, Frankfurt was up 2.1% and London gained 1.5%.