European stocks set for strong finish to week, banks sizzle after ECB

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इंडिया समाचार समाचार

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European shares resumed their rally on Friday as a bumper stimulus from the European Central Bank fuelled hopes of a faster economic recovery, putting the main benchmarks on course for their best week in two months.

FILE PHOTO: A man walks towards the European Central Bank headquarters in Frankfurt, Germany, July 25, 2019. REUTERS/Ralph Orlowski/File Photo

The pan-European STOXX 600 gained 1.3%, led by a 3.3% jump in bank stocks .SX7P, while insurers .SXIP, automakers .SXAP and travel stocks .SXTP gained nearly 3%. Global equity markets have climbed strongly this week, with Wall Street indexes nearing record levels as investors focussed on re-opening of economies, progress in development of a COVID-19 vaccine and stimulus actions.

Europe’s STOXX 600 is about 15% below all-time highs, but has recovered more than 37% from its March lows, with investors moving into more economically sensitive cyclical sectors.The euro zone banks index .SX7E climbed 4.1%, led by Spanish banks, benefiting from gains on their sovereign bond holdings. Investors have warmed up to peripheral euro zone debt this week after Thursday’s bigger-than-expected expansion of ECB’s pandemic-linked stimulus package.

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stocks in Europe slip ahead of ECB decisionEuropean stocks edged lower Thursday in cautious trade ahead of the latest European Central Bank decision.
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »

The ECB just announced $676 billion of new stimulus to fight the coronavirus - 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. It appears we're in a perpetual state of emergency,forever, until the end of time -Cortisol City!Rates can never normalize,QE can never stop, all forms of purchase programs either...How long until the banks own literally everything at this rate, and there's nothing left to buy? quite amazing aka tax payers announce they will be contributing to their own stimulus
स्रोत: BusinessInsider - 🏆 729. / 51 और पढो »

Global Stocks Falter Ahead of ECB DecisionGlobal stocks falter as investors await weekly jobless claims, trade data and an ECB monetary policy decision The printing will continue. For sure. Making a garbage fiat currency worthless. Brrrrrrrrrrrrr Since when have any of these things mattered before to the stock market? Yeah 'cuz that's the ONLY thing that's important. Money. Nothing else.......😐
स्रोत: WSJ - 🏆 98. / 63 और पढो »