News Formal

Europe: Stocks hit by firm euro as Draghi shoos away hopeful doves

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

[BENGALURU] Euro zone shares underperformed their broader European peers on Thursday, hit by a stronger euro after the European Central Bank matched investors' expectations in keeping rates untouched but refrained from providing as dovish an outlook as hoped. Read more at The Business Times.

[BENGALURU] Euro zone shares underperformed their broader European peers on Thursday, hit by a stronger euro after the European Central Bank matched investors' expectations in keeping rates untouched but refrained from providing as dovish an outlook as hoped.

Thursday's performance trims the degree to which euro zone stocks have relatively outperformed the European benchmark in the quarter to date."It would have been very, very difficult for the ECB to out-dove the market and push yields even lower," said Andrea Iannelli, investment director at Fidelity."More importantly he did say rates are not going anywhere until 2020, potentially even longer… that doesn't really help banks.

Milan-traded equities edged up, although Italian lenders reversed early gains to slide 1.2 per cent with UniCredit falling 1.1 per cent, while Banco BPM dropped 2 per cent.

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:

 /  🏆 15. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

European stocks higher on hopes of Fed rate cut as oil prices tumbleLONDON: European stock markets rose on Wednesday (Jun 5), extending a Wall Street rally sparked by dovish Federal Reserve statements, while oil ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Europe: Stocks rise, shaking off pressure from Italy's banks[BENGALURU] European stock markets crept higher on Wednesday as defensive shares gained ground, but rising tensions between Italy and the European Commission over the country's debt dampened sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong: Stocks inch up at open[HONG KONG] Hong Kong shares edged up at the open on Thursday on hopes that the United States and Mexico would strike a compromise on tariffs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks open lower on Thursday[TOKYO] Tokyo stocks opened slightly lower on Thursday, dragged down by investor jitters over US-Mexico tariff talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »