European stocks steady, euro higher before ECB

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 94%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

European stock markets steadied and the euro climbed Thursday as investors awaited signals from the European Central Bank on a possible inflation surge that could hinder economic recovery from the coronavirus pandemic.

European equities struggled to benefit from a positive lead from Asia and Wall Street, where the Dow ended at a fresh record high overnight, helped by news that US President Joe Biden’s huge stimulus package had cleared its last hurdle in Congress.

“Investors will be hoping that the bank will address the rise in bond yields and flag its ability to cope with any sudden rise in inflation, although the lack of any coordinated fiscal stimulus in the eurozone to compare with the US makes these concerns less relevant for European assets.” But ECB chief Christine Lagarde’s press conference in Frankfurt will be scrutinised for clues on what it would take for the central bank to unleash more stimulus to ease fears of a premature end to cheap money.

 

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

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines