FILE PHOTO: A man walks towards the European Central Bank headquarters in Frankfurt, Germany, July 25, 2019. REUTERS/Ralph Orlowski/File Photo
The pan-European STOXX 600 gained 1.3%, led by a 3.3% jump in bank stocks .SX7P, while insurers .SXIP, automakers .SXAP and travel stocks .SXTP gained nearly 3%. Global equity markets have climbed strongly this week, with Wall Street indexes nearing record levels as investors focussed on re-opening of economies, progress in development of a COVID-19 vaccine and stimulus actions.
Europe’s STOXX 600 is about 15% below all-time highs, but has recovered more than 37% from its March lows, with investors moving into more economically sensitive cyclical sectors.The euro zone banks index .SX7E climbed 4.1%, led by Spanish banks, benefiting from gains on their sovereign bond holdings. Investors have warmed up to peripheral euro zone debt this week after Thursday’s bigger-than-expected expansion of ECB’s pandemic-linked stimulus package.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks in Europe slip ahead of ECB decisionEuropean stocks edged lower Thursday in cautious trade ahead of the latest European Central Bank decision.
Source: MarketWatch - 🏆 3. / 97 Read more »
The ECB just announced $676 billion of new stimulus to fight the coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It appears we're in a perpetual state of emergency,forever, until the end of time -Cortisol City!Rates can never normalize,QE can never stop, all forms of purchase programs either...How long until the banks own literally everything at this rate, and there's nothing left to buy? quite amazing aka tax payers announce they will be contributing to their own stimulus
Source: BusinessInsider - 🏆 729. / 51 Read more »
Global Stocks Falter Ahead of ECB DecisionGlobal stocks falter as investors await weekly jobless claims, trade data and an ECB monetary policy decision The printing will continue. For sure. Making a garbage fiat currency worthless. Brrrrrrrrrrrrr Since when have any of these things mattered before to the stock market? Yeah 'cuz that's the ONLY thing that's important. Money. Nothing else.......😐
Source: WSJ - 🏆 98. / 63 Read more »