Euro climbs as ECB adds stimulus, US stocks slip | Malay Mail

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NEW YORK, Dec 11 — The euro rose yesterday as the European Central Bank (ECB) rolled out yet more stimulus measures to lift the currency bloc out of a double-dip recession, while the S&P 500 ended slightly lower following an increase in weekly US jobless claims. Energy shares were sharply...

The ECB expanded its debt purchase scheme and agreed to provide banks with even more ultra-cheap liquidity as long as they keep passing the cash onto companies. — Reuters pic

Strategists said the level of the measures may ensure that current monetary accommodation will be extended well into 2022.The euro was up 0.49 per cent to US$1.214, while sterling was last trading at US$1.3295, down 0.75 per cent on the day. “We need that announcement, without that announcement we are going to have volatility through the end of the year, without a doubt.”

The 30-year yield fell to session lows after the auction and was last down 5.3 basis points to 1.636 per cent. The benchmark 10-year yield fell 3.3 basis points to 0.908 per cent. But as lockdowns eased, more travellers opted to book homes instead of hotels, helping Airbnb post a surprise profit for the third quarter. The San Francisco-based firm also gained from increased interest in renting homes away from major cities.

 

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US, European stocks rises as ECB fires bazooka, US sheds less jobs | Malay MailLONDON, March 11 — European and US stock markets pushed higher today after the ECB accelerated its stimulus bond buying and the jobs market in the United States improved. The ECB said after its latest monetary policy meeting that it will ramp up the pace of its pandemic emergency bond buys, in a...
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