European stocks turn lower as ECB declines to add stimulus early

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Europe stocks turn south as ECB declines to boost stimulus efforts

European stocks slipped on Thursday as the European Central Bank didn’t bring forward stimulus even after Germany and France announced lockdown plans.The German DAX DAX, -0.14%, French CAC 40 PX1, -0.60% and U.K. FTSE 100 UKX, -0.16% each turned mildly lower.

France and Germany on Wednesday separately announced new one-month lockdowns to fight the second wave of the COVID-19 pandemic. Economists at Berenberg say the French economy could contract as much as 4% in the fourth quarter, and the German economy could shrink by 1%. “The new round of Eurosystem staff macroeconomic projections in December will allow a thorough reassessment of the economic outlook and the balance of risks. On the basis of this updated assessment, the Governing Council will recalibrate its instruments, as appropriate, to respond to the unfolding situation and to ensure that financing conditions remain favourable to support the economic recovery and counteract the negative impact of the pandemic on the projected inflation path,” said the ECB.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thanks

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:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock market strategy: How to trade US election in Europe: UBS, Barclays - 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. Looking for another women's beauty pageantry for grading the meat!
Source: BusinessInsider - 🏆 729. / 51 Read more »