News Formal

European stocks seen cautiously higher after aggressive ECB stimulus

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

European stocks were seen advancing cautiously on Friday morning after the European Central Bank (ECB) delivered an aggressive stimulus package in a bid to reinvigorate the ailing euro zone economy.

The ECB announced a new quantitative easing program Thursday which will see 20 billion euros per month of net asset purchases for as long as the central bank deems necessary. It also cut the rate on its main deposit facility by 10 basis points to -0.5%, a new record low, and introduced tiering measures to mitigate damage to banks' balance sheets.

Global markets also received a boost after President Donald Trump said Thursday he would not rule out an interim trade deal with China, after the world's two largest economies showed signs of thawing their ongoing trade war. Asian stocks advanced on both trade optimism and the ECB stimulus "bazooka" with Japan's Nikkei leading gains, while mainland Chinese and South Korean markets were closed Friday for holidays.

Back in Europe, the leader of Northern Ireland's Democratic Unionist Party said her party will not support a Brexit deal that "divides the internal market of the U.K."

 

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:

 /  🏆 12. in NG

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 set to open higher on ECB stimulus hopes and US tariff delayEuropean stocks were set to open higher Thursday as investors look ahead to an anticipated announcement of easing measures from the European Central Bank (ECB). Our mission at is to build the social media platform that ends fake news
Source: CNBC - 🏆 12. / 72 Read more »

Europe stocks cautiously higher ahead of ECB meeting and easing trade-war tensionsEuropean stocks are trading higher on Thursday ahead of what could be the most important European Central Bank meeting of the year, while signs of easing tensions between the U.S. and China over trade talks also lifted sentiment.
Source: MarketWatch - 🏆 3. / 97 Read more »

Asian stocks at six-week highs as trade war gloom lifts before ECBAsian stocks advanced to a six-week high on Thursday on hopes for a thaw in U.S....
Source: Reuters - 🏆 2. / 97 Read more »