ECB stimulus draws tepid response from stocks; banks end flat

BENGALURU - European stocks edged higher in choppy trading on Thursday , with banks underwhelmed by the European Central Bank's stimulus measures while Washington's move to delay tariffs on Chinese goods boosted automakers and technology firms.

Gains in the Stoxx index wore off as the session progressed, however, with euro zone banks swinging on the news that the ECB was easing the terms of its cheap loan scheme to banks and introducing a tiered deposit rate. Euro zone banks - one of the main beneficiaries of an investor pivot into value stocks in recent days - closed 0.24 per cent higher, while broader European banks finished unchanged.

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.

Asia: Stocks hit six-week high on trade war hopes ahead of ECB[TOKYO] Asian stocks hit a six-week high on Thursday on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks gain on ECB stimulus, trade war moderationNEW YORK (AFP) - Wall Street stocks finished higher on Thursday (Sept 12) after the European Central Bank announced new stimulus measures and as investors greeted further signs of moderation in the US-China trade war.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US stocks gain on ECB stimulus, trade war moderationNEW YORK: Wall Street stocks finished higher on Thursday (Sep 12) after the European Central Bank announced new stimulus measures and as investors ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »