LONDON, July 23 — European stocks rose today at the end of a volatile week for markets, helped by the eurozone’s economic recovery and ECB assurances over its support package.
Wall Street’s three main indices closed near new record highs Thursday, fuelled by better-than-expected corporate reports and seemingly unbreakable optimism about the long-term economic outlook.“Investors who panicked when global markets took a dive on Monday may now be regretting their decisions to dump holdings.”
The European Central Bank yesterday said that while the eurozone was bouncing back strongly, it would maintain its ultra-loose monetary policies until at least the end of March 2022, or until officials consider “that the coronavirus crisis phase is over”.
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