ECB's Draghi pulls European stocks back into black

- European stock markets recovered from early falls on Tuesday after European Central Bank chief Mario Draghi promised more monetary stimulus if the economy does not improve, offsetting another warning on slowing sales from the chip sector.

The pan-European STOXX 600 index was 0.1% higher by 0817 GMT, having fallen around a third of a percentage point at opening. The interest rate sensitive banking sector tumbled 0.6%. The profit warning came hot on the heels of U.S. chipmaker Broadcom’s shock statement last Thursday that trade issues would knock $2 billion off 2019 sales and Frankfurt’s trade sensitive DAX remained deep in negative territory, down 0.7%.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set to open higher as investors await crucial Fed meetingEuropean stocks are set to open higher Monday as investors await this week's crucial U.S. Federal Reserve meeting. According to CNBC, Even stocks will open higher for every reasons, Good, Bad or Ugly. Such an easy market it will go only up. All the people in world should take CNBC advise and invest in never falling stock market and end poverty! Such a Crap News!
Source: CNBC - 🏆 12. / 72 Read more »